03:40 PM EST - Malaga Inc. : released its audited financial statements for the year ended December 31, 2009. The company reported a net loss of $7.6 million or C$0.05 per share compared to a loss of $3.1 million or $0.02 per share in 2008. The company noted that the increase in loss is stemming from higher depreciation and amortization charge of $2.2 million, as well as from a $1.5-million writedown in the carrying value of an investment. Revenue for the year amounted to $11.2 million compared to $10.6 million in 2008. Malaga Inc.
shares T.MLG are trading down $0.01 at $0.13.
