StockMarketWire.com - Internet domain owner Minds + Machines Group booked a deeper first-half loss after it booked a variety of one-off charges including a bad debt provision, onerous lease provision and impairment loss.

Net losses for the six months through June amounted to $15.0m, widening sharply from losses of $245k on-year.

Revenue rose 22% to $6.4m, driven by expanded relationships with several key registrar partners, most notably Alibaba.

'The period has been a transformative time for the company,' chief executive Toby Hall said.

'The treatment of certain historic contracts, most notably those inherited by current management, has been addressed enabling a much clearer picture of the company's ongoing progress to be presented in future periods.'


At 8:10am: [LON:MMX] Minds Machines Group Ltd share price was -1.1p at 6.25p



Story provided by StockMarketWire.com