June 3, 2019 / 8:13 AM / 3 months ago

BUZZ-TLA Worldwide: Falls as losses mount, co close to being cash shell

** Sports marketing company TLA Worldwide Plc’s shares fall 6.6% to 0.7 pence

** Co posts statutory FY loss of $28.2 mln vs profit of $7.8 mln a year earlier

** Loss included $25.3 mln impact of U.S. business sale loss

** Co in advanced talks to divest its Australian business

** On sale of Australian business, co to become cash shell (Reporting by Sangameswaran S in Bengaluru)

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