StockMarketWire.com - Entertainment product wholesaler MBL Group, which recently became a cash shell, said its annual net losses widened to £1.5m.

Revenue for the year through March fell 17% to £13.2m and the company had net cash at year end of £0.4m.

The company's garden and home division was sold in March 2018 for £0.8m, while the home entertainment division entered administration on 15 July.

'The accounts have been prepared on a non-going concern basis, as the directors do not expect the group to continue trading within the next twelve months,' MBL said.




At 1:53pm: [LON:MUBL] MBL Group PLC share price was 0p at 4.5p



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