TLA Worldwide: Falls as losses mount, co close to being cash shell

Hawkwing

03/06/2019 09:10

** Sports marketing company TLA Worldwide Plc's shares
 TLAT.L  fall 6.6% to 0.7 pence
    ** Co posts statutory FY loss of $28.2 mln vs profit of $7.8
mln a year earlier
    ** Loss included $25.3 mln impact of U.S. business sale loss
 urn:newsml:reuters.com:*:nRSC8544Aa
    ** Co in advanced talks to divest its Australian business
    ** On sale of Australian business, co to become cash shell

 (Reporting by Sangameswaran S in Bengaluru)
 ((Sangameswaran.S@thomsonreuters.com; within U.K +44 020 7542
1810; outside U.K. +91 80 6749 3544; Reuters Messaging:
Sangameswaran.S.thomsonreuters.com@reuters.net))