MKM Group has lost a third of its value on Aim after it was forced to issue a profits warning.
The travel promotions agency blamed a cruise push that was disrupted by Caribbean hurricanes in autumn and the effects of December's tsunami.
Separately, the ASA has upheld 37 complaints against MKM's free flights offer for Gallo. The ASA ruled that "the promoters had not shown they had adequate resources to meet demand".
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