Business
Interim results for the six m
Interim results for the six m.
About this update from Blackbird Plc
[{"type":"text","content":"\n RNS Number : 3140T Forbidden Technologies PLC 27 September 2010 \n \n\n27 September 2010\n \nForbidden Technologies plc\n(AIM: FBT)\n(\"Forbidden\" or the \"Company\")\n \nInterim results for the six months to 30 June 2010\n \nForbidden Technologies, the AIM quoted developer and marketer of a leading cloud based video platform, is pleased to announce its Interim Results for the six months to 30 June 2010.\n \nHighlights\n \n· Sales up 21% to £167,858 (2009: £138,774)\n· Gross profit up 22% to £158,375 (2009: £129,764)\n· Gross profit margin was maintained at a healthy 94%\n· Operating costs up 37% to £214,730 (2009: £156,695)\n· Operating loss £53,853 (2009: £26,931)\n· No drawdown from £1m loan facility (2009: £150,000 drawn down)\n· Positive balance of cash and cash equivalents of £137,553 at 30 June 2010\n \nPost Period Highlights\n \n· Vic Steel, Chairman, and Phil Madden, Financial Director, increased their stake in the Company showing confidence in its future \n· Signed systems integrator agreement with Siemens IT Solutions & Services in South Africa\n· Envy Post production chose to provide FORscene as its logging and rough cut editing platform \n· Successfully demonstrated FORscene on the Nokia N900 smartphone\n· The addition of HTML5 video publishing, to FORscene, allowing Video published in FORscene to be viewed through any device with a compliant web browser\n \nVic Steel, Chairman, commented:\n \n\"We maintain a positive outlook for the second half of the year and for the year as a whole. Our discussions with major international partners are progressing well, and interest in our cloud based technology continues to grow across a wide number of geographic markets in a variety of market segments.\n \n\"The Directors anticipate increased growth and the achievement of profitable scale in the \"not too distant\" future.\"\n \nEnquiries\n \nForbidden Technologies plc\nTel: +44 (0)20 8879 7245\n...