Business
Final Results
Final Results.
About this update from Crimson Tide Plc
[{"type":"text","content":"\n \nRNS Number : 2831D Crimson Tide PLC 26 April 2013 \n \n\nCrimson Tide plc\n \nPreliminary Announcement of Results to 31 December 2012\n \nCrimson Tide plc (\"Crimson Tide\" or \"the Company\"), a leading service provider of mobility solutions for business, is pleased to announce its unaudited preliminary results for the year ended 31 December 2012. \n \n \nFinancial Highlights\n\n· EBITDA increased 21% to £196k (2011: £162k)\n \n· Turnover (£1.2m) and positive PBT as anticipated\n \n· Cash resources available to fund subscriber growth\n \n \nOperational Highlights\n \n· Growth in contracted subscribers of 20% \n \n· mpro5 fully developed to work on iOS, Android, Blackberry, and Windows 8 smartphone and tablet operating systems\n \n· Significant trials in progress\n \n \nBarrie Whipp, Executive Chairman of Crimson Tide, commented: \n\"Our business plan and model proved robust despite a challenging start to the year evidenced by a subsequent 20% growth in contracted subscribers. A great deal of work on mpro5 has resulted in a service which is leading edge, validated by our new contract with Associated News for Metro. The trials under way continue to go well and we are hopeful for a successful conclusion in the second half of 2013.\"\n \n \n \n \n \nEnquiries: \n \n\n\n\n\nCrimson Tide plc\nBarrie Whipp, Executive Chairman\nStephen Goodwin, Chief Executive\n\n\n 01892 542444\n\n\n\n\n\n\n\n\n\n\n\n\nW.H. Ireland Limited\nJames Joyce / James Bavister\n\n\n020 7220 1666 \n\n\n\n\n\n\n\n\n\n\n\n\n \n\n\n \nChairman's Statement\n \nAfter a challenging start to the year, Crimson Tide continued to grow in 2012. Profit at the EBITDA level reached £196k and the turnover and profitability were, once again, in line with our expectations. \n \nThe Company has generated increased interest in its mobility solutions at the enterprise level, meaning that smaller, regular transactions decreased, whilst we focused on larger, highe...