Private Media Group posts Q3 losses

Adult entertainment specialist Private Media Group has announced its results for the three months ending September 30th, 2008. It reported net sales of E4.6 million compared to net sales of E7.5 million for the three months ended September 30, 2007, a decrease of E2.9 million. "Due to the comparatively weaker dollar and the restructuring of our web sites, Internet sales decreased by E0.2 million to E1.1 million. Broadcasting sales decreased E1 million to E1.5 million as a result of the absence of sales of E1 million from a non-recurring title licensing deal for German speaking Europe in 2007" said the company.

Wireless sales decreased E0.3 million to E0.4 million in the period as a result of a reorganisation of content delivery structure. Going forward, the company has said it expects Internet, wireless and Broadcasting sales, in particular, to increase.

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