UK's XLMedia hits record low on dour N. America revenue expectation

XLMedia

15/12/2023 08:53

** Shares of XLMedia Plc  XLM.L  fall as much as ~13.5% to
record low of 6.36p
    ** Global digital publishing group says its North American
revenues will now fall below previous forecasts
    ** Sees group's FY revenues in range of $50 mln to $52 mln;
adjusted core profit of $12 mln to $14 mln
    ** Co says no discussions happening currently related to
sale of whole company
    ** Adds that given the current share price, a sale of the
whole company is unlikely to create most value for shareholders 
    ** Currently stock down 12%, taking YTD losses to ~61%

 (Reporting by Aby Jose Koilparambil in Bengaluru)
 ((abyjose.koilparambil@thomsonreuters.com))