News: MUA Mitula Group expects FY revenues of between $34.0 mln and $36.0 mln

July 25 (Reuters) - Mitula Group Ltd (MUA) :

• Expects FY revenues of between $34.0 million and $36.0 million, a decrease from its previous forecast of between $38.0 million and $41.0 million
• Projecting an adjusted EBITDA of between $12.0 million and $13.0 million, a decrease from previous forecast of between $17.0 million and $19.0 million
• Now expects to deliver a year on year revenue growth of between 21.4 and 28.6 percent
• The key driver of the revised forecast has been lower than expected revenue from adsense and cost per click