MARKET REPORT: Time Out plan for street markets in US disappoints as listings magazine's owner records operating loss of £7.3m in six months



Investors were disappointed with Time Out's first set of half year results since it listed on the stock market in June.
The AIM-listed firm behind the renowned listings magazine recorded an operating loss of £7.3million in the six months to June 30. 
Revenue increased by 12 per cent to £15.1million and the firm said revenue of its new Market concept had doubled, with record levels of visitors.
The group is looking to roll out its Time Out Market concept, a venue for food, shops and culture in popular cities. 
The original Market is in Lisbon, Portugal and Time Out is looking to expand the... read more

 
28 September 2016 in Business, Views: 45
Source: Daily Mail
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