Phil Elliott
09:31 (BST)
18/03/2008
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Midway adjusts results downwards
Royalty expenses extend fourth quarter losses slightly
Midway has announced that its fourth quarter and full year results for the 2007 financial year are to be revised downwards following the prior exclusion of royalty payments.
A Securities and Exchange Commission filing reveals that "after further review" the company has made adjustments to its March 6 financial release increasing the net loss per share from USD 0.33 to USD 0.35 for the fourth quarter, and USD 1.07 to USD 1.09 for the full year.
The revisions will be published fully in the annual report, which Midway states will be filed with the Commission in due course.
The company's share price finished down USD 0.02 for the day yesterday at USD 2.
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