June 11, 2019 / 8:10 AM / a month ago

BUZZ-Mporium: Drops on 2019 profit warning; co plans restructuring

** Shares of tech firm fall 30.5% to 1 pence

** Co says its gross margin targets will take longer to achieve and it will not not be able to breakeven core earnings within 2019

** Co says it will commence a major restructuring that will refocus the business on the performance-led MporiumX division due to underperformance in its agency division

** Co says Tom Smith will be appointed Managing Director, Mporium Group plc

** Shares down 80% YTD (Reporting by Justin George Varghese in Bengaluru)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below