Print Published 11th Jul 2017, 23:24

Matomy issues meaningless profit projection

Matomy Media Group, the AIM listed Israeli digital advertising sales business, today issued an unofficial, unaudited, unhelpful and partial statement of its results for the half year to 30 June.

“Adjusted profit” before interest, tax, amortisation, depreciation, equity losses of affiliated companies, share-based compensation and exceptional items was between $9 million and $9.5 million, the company said.

But there was no hint of what the bottom line result may have been – with or without “adjustments”.