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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Mysquar | LSE:MYSQ | London | Ordinary Share | VGG6361G1072 | ORD NPV (DI) |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.29 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2019 to Apr 2024
TIDMMYSQ
RNS Number : 2127H
MySQUAR Limited
06 June 2017
6 June 2017
MySQUAR Limited ("MySQUAR" or the "Company")
Revenue Update
MySQUAR, the Myanmar-language social media, entertainment and payments platform whose principal activity is to design, develop and commercialise Myanmar-focused internet-based mobile applications, is pleased to announce that its month-on-month revenue has been steadily increasing.
The Company continues to make significant progress in achieving its monetisation targets. Average daily revenue reached USD 7,000 in early June 2017, an increase of 40% from an average of USD 5,000 during the first week of May 2017 (and c.USD 5,500 for the whole of May). The majority of current daily revenue continues to be generated from gaming and mobile payment application development services.
Eric Schaer, CEO of MySQUAR, said: "We are pleased that average daily revenue continues to steadily increase due in part to the strong user reception of our product offerings. The Company anticipates further monetisation in the upcoming months with additional premium content in MyChat such as dating and the upgraded version of CallHome which was released last Friday offering a pay as you go feature with a digital wallet and the ability to call over 190 countries. With continued positive revenue progress we remain confident that the business will be operating on a run rate break even basis by or around the end of this month as targeted."
For further information:
Hot Features
Premium
MySQUAR Limited
Eric Schaer (Chief Executive) Tel: +65 6818
6089
Pham Dang Hung (CFO)
SP Angel Corporate Finance
LLP
Nominated Adviser Tel: +44 (0) 203
470 0470
Stuart Gledhill/Soltan
Tagiev
Beaufort Securities Limited Tel: +44 (0) 207
Broker 382 8300
Jon Belliss/Elliot Hance
Public Relations
Damien McCrystal Tel: +44 (0) 781
677 0758
damien@mccrystal.info
This information is provided by RNS
The company news service from the London Stock Exchange
END
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(END) Dow Jones Newswires
June 06, 2017 02:01 ET (06:01 GMT)
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