Mobile Streams plc is a provider of media entertainment content to mobile devices. Mobile Streams creates, licenses and delivers quality content to MNOs and consumers in the form of ringtones, graphics, video clips and other products. Mobile Streams generates revenues from downloads of this content by consumers. The Company is active in the UK and Europe, North America, Latin America and the Asia Pacific region. Mobile Streams has developed relationships with both content owners and MNOs which enable it to act as a specialist intermediary, providing an end-to-end service encompassing a broad range of elements from content licensing to content production, account management, and channel management.

http://www.mobilestreams.com/

12/10/15


MOS' profit
StockMarketWire.com
Mobile Streams (MOS) has posted a FY pretax profit of £0.83m, from a profit of £0.15m a year ago. Revenues fell to £29.1m, from £48.6m. It continues to diversify its revenues into new markets beyond Argentina and Latin America, especially India and Nigeria.

"Any further devaluation of the Argentinian peso would have a negative impact on the Company's future performance," the company said in its results statement.

"These diversification plans will require investment during the rest of the year which will be reflected in reduced short term profitability. Cash as at the beginning of October 2015 was at a level of around £1.7m, reflecting investments made in the development and launch of the new markets and services.

"The Company's new Indian subsidiary Mobile Streams India Private Limited is being set up, and the Company has signed direct contracts for mobile internet billing with two of the three largest local Indian mobile operators, reaching approximately 350 million mobile customers.

"Once these contracts have been fully executed and implemented, the Company expects to launch its subscription services in India. In Nigeria, the Company has launched with mobile billing available with one of the four largest local mobile operators.

"The Company has launched some new advertising funded mobile services. These services include its mobile social network http://www.terrenal.com in Latin America. Moreover, Mobile Streams has launched a mobile games store globally at http://www.mobilegaming.com that is entirely ad-supported and free to use for consumers.

"Consumers can play each and any game an unlimited number of times as long as they watch a pre-role ad each time they play a game. Mobile Streams developed a proprietary games wrapper that allows consumers to play games for free in this way. Mobile Streams has signed up several hundred games for the launch of the service."



At 9:19am: (LON:MOS) Mobile Streams PLC share price was +1.13p at 5.88p



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Mobile Streams PLC (MOS:LSE) set a new 52-week high during today's trading session when it reached 18.50. Over this period, the share price is up 32.71%.