Cobra explains loss as share price falls 10 pence
Listed broker Cobra this morning reported an loss of £190 000 on revenue of £18.87m for the 15 months ended 31 March 2008. Its pre tax operating profit was £1.77m.
The company's share price fell 12.9% (10 pence) to 67.50 pence on the news in the first two hours of trading this morning.
Cobra explained there were two key reasons why its results had fallen short of
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