StockMarketWire.com - The Board of MBL Group reports revenue from continuing operations of £7.3m (2011: £8.0m), down 8.8% for the half year to end of September 2012.

Loss before tax from continuing operations was £1.0m (2011: loss £0.7m) with loss per share from continuing operations of 6.2p (2011: loss 4.7p)

Group revenue (including discontinued operations) decreased to £7.4m (2011: £15.7m);

Group loss before tax (including discontinued operations) reduced to £1.1m (2011: £7.2m);

Group loss per share (including discontinued operations) for the period of 6.4p (2011: loss 43.9p);

The group's results were impacted by final stages of wind down and implementation of new strategy following loss of major contract in 2011;

The Group remains debt free with cash balances of £3.0m at 30 September 2012.

Peter Cowgill, Chairman of MBL, commented:"The Group has experienced a period of significant change within the reported six months whilst it focused on the integration of newly acquired businesses and adapting its existing businesses to the ongoing challenges within the home entertainment industry.

"The Group has made progress towards completing the wind down of its discontinued operations and is better positioned to focus on its future."




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