Derek Handley's Snakk doubles revenue

Derek Handley's Snakk doubles revenue

New Zealand-based mobile advertising company Snakk Media has more than doubled its unaudited revenue for the October to December quarter from $686,000 in 2011 to $1.439 in 2012, according to an announcement made on the stock exchange.

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Co-founded by Derek Handley, Snakk listed on the New Zealand Alternative Exchange earlier this month.

The company says its share purchase plan (SPP) dates and prices will be announced in April, subject to NZAX approval.

The stock exchange announcement doesn't indicate profit or loss. In the year to March 2012, Snakk netted a loss of around $610,000. Idealog has asked Snakk Media for this information.