Business
2010 Unaudited Preliminary Results
2010 Unaudited Preliminary Results.
About this update from Altitude Group Plc
[{"type":"text","content":"\n \n\n\n\n\n\nRNS Number : 0858D Altitude Group PLC 17 March 2011 \n \n\nFor immediate release 17 March 2011\nAIM: ALT\n \nAltitude Group plc\n(\"Altitude\", the \"Group\" or the \"Company\")\n \nUnaudited Preliminary Results for the year to 31 December 2010\n \nAltitude announces its unaudited preliminary results for the year to 31 December 2010.\n \nHighlights:\n \n· Underlying Operating Profit* increased by 292% to £808k (2009: £277k)\n \n· PBIT increased by £1,126k to £511k (2009: £615k loss)\n \n· Group revenues up 18% to £18.0 million (2009: £15.3 million) \n \n· Revenues in Promotional Marketing division up by 20%\n \n· Cash generated from operations £1.1m (2009: £0.4m)\n \n· Closing cash of £1.5m (2009: £0.8m) with no net debt\n \n· Substantial Progress made with USA launch of Trade Only Cloud software solution\n \n \n* Underlying operating profit before amortisation of intangible customer related assets, non-recurring administrative expenses and share based payment charges\n \nColin Cooke, Non-Executive Chairman of Altitude commented:\n \n\"The Company has made great progress since the Board restructuring in early 2008, is well positioned, profitable and cash gene...