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News
21.12.2012
PRELIMINARY RESULTS ANNOUNCEMENT FOR THE YEAR ENDED 30 JUNE
PRELIMINARY RESULTS ANNOUNCEMENT FOR THE YEAR ENDED 30 JUNE 2012
Your Board announces that the Group’s results for the financial year ended 30th June 2012 have been published on its website. In a separate announcement today, the company confirms the acquisition of Infotech Digital Ltd, a digital out-of-home media group, and the signature of a placing letter for £3 million of new equity investment.
KEY POINTS
• Group turnover down 12% to £411k (2011: £471k)
• Group operating loss before exceptional items up 53% to £652k (2011: £424k)
• Underlying losses per share up 90% to 5.50p (2011: 2.90p)
• One-off £457k charge for the impairment of fixed assets in Media and Ridercam
• Capital expenditure on network expansion of £407k (2011: £349k)
• Net equity funding raised totalled £483k (2011: £751k)
Commenting on the results, Dominic Berger, Chief Executive, said:
“The Company has successfully navigated difficult economic times during the period, by reducing costs and focussing efforts on the profitable elements of the business. The Directors believe that this has resulted in a business that is well placed to deliver improved results in the current financial year. Coupled with the proposed acquisition the company intends to complete and the offer of new investment your Board believes that the company is well positioned to deliver substantial growth in 2013 in the exciting developing market of digital out-of-home Media.”
Tangibal Group plc’s full Annual Report and Accounts for the year to 30 June 2012 are available at www.tangibal.com.
Enquiries:
Dominic Berger (Chief Executive) +44 (0) 207 754 0459
Peter-Joachim Noack (IR advisor) +49 (0) 173 6793092
About Tangibal:
Formed in 2008, Tangibal Group Plc has established itself as a vision leader in interactive media and experiential advertising. Our goal is to deliver solutions that entertain, inform and motivate. See www.tangibal.com for more information.
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Your Board announces that the Group’s results for the financial year ended 30th June 2012 have been published on its website. In a separate announcement today, the company confirms the acquisition of Infotech Digital Ltd, a digital out-of-home media group, and the signature of a placing letter for £3 million of new equity investment.
KEY POINTS
• Group turnover down 12% to £411k (2011: £471k)
• Group operating loss before exceptional items up 53% to £652k (2011: £424k)
• Underlying losses per share up 90% to 5.50p (2011: 2.90p)
• One-off £457k charge for the impairment of fixed assets in Media and Ridercam
• Capital expenditure on network expansion of £407k (2011: £349k)
• Net equity funding raised totalled £483k (2011: £751k)
Commenting on the results, Dominic Berger, Chief Executive, said:
“The Company has successfully navigated difficult economic times during the period, by reducing costs and focussing efforts on the profitable elements of the business. The Directors believe that this has resulted in a business that is well placed to deliver improved results in the current financial year. Coupled with the proposed acquisition the company intends to complete and the offer of new investment your Board believes that the company is well positioned to deliver substantial growth in 2013 in the exciting developing market of digital out-of-home Media.”
Tangibal Group plc’s full Annual Report and Accounts for the year to 30 June 2012 are available at www.tangibal.com.
Enquiries:
Dominic Berger (Chief Executive) +44 (0) 207 754 0459
Peter-Joachim Noack (IR advisor) +49 (0) 173 6793092
About Tangibal:
Formed in 2008, Tangibal Group Plc has established itself as a vision leader in interactive media and experiential advertising. Our goal is to deliver solutions that entertain, inform and motivate. See www.tangibal.com for more information.
NEWSLETTER REGISTRIERUNG:
Aktuelle Pressemeldungen dieses Unternehmens direkt in Ihr Postfach:
<a href="http://www.irw-press.com/alert_subscription.php?lang=en&isin=GB00B5KMXN41">http://www.irw-press.com/alert_subscription.php?lang=en&isin=GB00B5KMXN41</a>
Mitteilung übermittelt durch IRW-Press.com. Für den Inhalt ist der Aussender
verantwortlich.
Kostenloser Abdruck mit Quellenangabe erlaubt.