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Media Corp. shares soar despite mounting losses

17th January 2012 10:20 am GMT

With the company posting a loss from continuing operations of £2.9m for the year ended September 30th, Media Corporation plc said Tuesday that it is targeting a return to profitability during 2012 as the company looks to focus on the burgeoning online gaming sector.

Media Corp reported a 46 per cent increase in full year revenues to £35.1m, with revenues from its Purple Loung online gaming business climbing 29 per cent to [...]

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