Adultshop.com posts $384k loss

Northbridge-based Adultshop.com Ltd has posted a $384,000 loss, a stemming the red ink somewhat from last year's loss of $1.3 million.

The company announced early last month that it was expecting to make a loss due to a number of non-recurring events in June 2006, the most significant being the relocation of the group's Canberra warehouse and operations in the final week of the financial year.

The company has also acquired a 100 per cent interest in 3G mobile phone content developer Loop Creative Pty Ltd, through the issue of 20 million ordinary and 80 million performance shares in August.