Riverdeep first-quarter profit margins take dive

ANALYSTS suggested yesterday that e-learning firm Riverdeep has some questions to answer on its first-quarter figures for the fiscal year 2003 after a substantial drop in its profit margins.

Riverdeep shares took a drop on the ISEQ earlier in the week after a negative report from Merrion Stockbrokers, which slated the company for “inadequate and poor” communications with the financial markets.

However, they were holding steady at 1.10 early yesterday.