K1 Ventures

K1 Ventures: Reported poor FY11 results which was in-line.
FY11 net loss of $4.72m improved vs a net loss of 22.65m yoy. Rev at $71.22m, +0.4% yoy. Improvement primarily due to fixed assets impairment loss of $3.5m vs $36.7m loss yoy, and a $17.4m decline in depreciation and amortisation. Grp has declared a final div of 0.5c/share.