After incurring significant losses for two consecutive financial years, global media and marketing company, Crowd Media Holdings Limited (ASX:CM8) announced its near-breakeven position for the first half of FY2020 at the underlying EBITDA level-
- The Company’s revenue was $8.5m
- Revenue has been stable for the final 4 months of H1-FY2020
- The much anticipated and revenue generating strategic alliances with London Labs and I Am Kamu, which are new DTC initiatives, begin in February
The stock soared by a significant 50% as at 1:13 PM AEST and is priced at $0.030 on the ASX.
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.
As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.