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Media Corp widens H1 loss after Purple Lounge troubles

16th May 2012 9:53 am GMT

Shares in Media Corp plc slumped by more than 40 per cent in London this morning after the company reported a loss from continuing activities of £1.3m for the six month period ended March 31st, exacerbated by the company’s struggling Purple Lounge online gaming business.

Media Corp said that trading over the first half of the financial year had been very challenging, during which the company had disposed of underperforming assets and suspended Purple Lounge operations [...]

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