Moneyweb interim revenue drops 16%
Financial news service provider Moneyweb has reported a 16% drop in revenue for the six months ended December 2013, to R13.6 million, from R16.2 million before.
The group extended its net loss to R1.4 million, from a prior loss of R208,000, with a headline loss per share of 1.30 cents, from a prior loss of 0.20 cents.
Moneyweb said the drop in revenue was brought about by the termination of the Looklocal agreement as at end February 2013, and was also due to lower than expected sales generation across all platforms.
The group said it continues to attract larger audiences to its online website www.moneyweb.co.za. Unique users have grown to an average of 300,000 per month with
an average of over 3,000,000 pages being viewed, it said.
Moneyweb Apps (applications) on both tablet and mobile devices have on average 9,500
active users, the group said.
Moneyweb owns the international mining site www.mineweb.com. This site has produced
an average of 133,000 unique users and 450,000 page views on a monthly basis.
Moneyweb said its two flagship daily business radio shows SAFM Market Update and RSG Geldsake continued to grow listenership.
Looking ahead, the group said it will be revising its strategy across all its media platforms.
“The revision will focus on sales generation and maximisation of advertising returns per platform.
“This will be done to ensure each platform will become profitable. Part of the strategy will be to revise all sales agreements Moneyweb has in place with third parties to ensure they still make economic sense,” it said.
“Moneyweb has some exciting new projects lined up to leverage its content and provide more opportunities for revenue generation. The editorial and management team has been bolstered, and Moneyweb´s content offering will be expanded,” the group said.
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