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Q2 losses up 70% Y/Y Stock currently down 26%

Slapshot1188Slapshot1188 Member LegendaryPosts: 17,586
in Mortal Online

 

https://translate.google.com/translate?sl=auto&tl=en&js=y&prev=_t&hl=en&ie=UTF-8&u=http%3A%2F%2Fwww.aktietorget.se%2Ffinwire%2FNewsItem.aspx%3FGuid%3DFWS0002243%26Language%3D2&edit-text=&act=url

 

Finwire if Star Vault: Star Vault decreased sales and increased loss in Q2

Agency: FWS
Signature: Stefan Linner 
stefan.linner@finwire.se, 0701-15 39 64 
The news agency Finwire

Star Vault revenues declined in the second quarter of 2014, while the loss steps. 

Net sales fell to 488,542 kronor (572,934). 

Operating profit and profit before and after tax was SEK -1,056,149. Operating profit in the second quarter of last year amounted to SEK -618 183. Earnings per share were SEK -0.022 (-0.013).

 

Posted: 8/22/2014 8:12:38 AM

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Comments

  • TalonsinTalonsin Member EpicPosts: 3,619

    Not to beat a dead horse but it is amazing that with all the cuts this company has made, they are still losing so much money.  They reduced the office, sold off equipment and are down to only three (paid) staff members if I remember correctly.  They launched expansions and added new systems yet no matter how much they cut costs, they continue to lose more and more money. 

     

    "Sean (Murray) saying MP will be in the game is not remotely close to evidence that at the point of purchase people thought there was MP in the game."  - SEANMCAD

  • gmgalenusgmgalenus Member Posts: 9
    Originally posted by Talonsin

    Not to beat a dead horse but it is amazing that with all the cuts this company has made, they are still losing so much money.  They reduced the office, sold off equipment and are down to only three (paid) staff members if I remember correctly.  They launched expansions and added new systems yet no matter how much they cut costs, they continue to lose more and more money. 

     

    maybe if they didnt intentionally shit allover their playerbase this wouldnt be as much of an issue

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