Mporium Group plc (AIM: MPM), the technology firm delivering event-driven marketing, announces the release of its audited financial statements for the period ending 31 December 2018.
The results reflect the financial year prior to the transformational transaction with Allay (UK) Limited which was completed and announced in January 2019. Since then, the strategic focus of the business has changed to focus on MporiumX, the Company's performance-led moment marketing media division, as announced since the end of the Period.
Mporium's Chief Executive, Nelius De Groot, said:
"This has been a challenging year for the Group, however the recently announced restructuring of the business is well underway and will be complete by the end of July. We remain encouraged by the progress being achieved by MporiumX, particularly in the Sports and Consumer Regulation sectors.
"By restructuring the Group, we are confident that Mporium will move forward with a leaner business model that capitalises on the opportunities within our target markets.
"Having had strong support from existing shareholders on the back of the recent fundraise, the business will now be fully funded to execute on its new strategy. We look forward to updating shareholders in due course as the restructuring and the revised business strategy takes effect."