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MIRADA GAMING RESUMES TRADING
09th December, 2010 at 12:56:58
But delayed financial report showcases a weak performance
Online gambling content provider Mirada Gaming is trading again, having had its October AIM suspension lifted. The suspension was imposed after the company delayed the release of its annual results due to audit glitches as previously reported.
The results were not the best news at the end of the day, with the company reporting a decline in gross profits of 23% to £3.7million, with revenues sliding downward £2.8 million to £5.7 million.
According to chief executive Jose-Luis Vazquez the company has been successful in trimming its admin expenses, reducing costs by £1.6 million.
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