Omnifone posts £6m loss after Rara balance write-off
B2B digital music provider Omnifone has posted a £6.1 million loss in its 2013 financial year, but turnover rose 58.9% year-on-year to £46.9 million.
The company’s loss compared to an annual profit of £2.9 million in its 2012 financial year, when turnover stood at just under 29.5 million.
The £6.1m loss is, however, an improvement on the £15.7m and £21.8m loss in 2010 and 2011 respectively.
The report from Companies House suggests that, although Omnifone’s cost of sales was up ...
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