Regaining investors’ trust will be a tough ask for XLMedia
In the 2018 interim accounts, XLMedia (AIM: XLM) reported two core operating segments known as publishing and media buying. That structure has been torn up by the latest announcement in which management confirmed a reduction of what now is being referred to as ‘non-core’ media activities.
Media operations – which includes click-bait style advertising to drive traffic to either company owned or customer websites – represented 40% of group revenue and 22% of gross profit in…
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