Business
Preliminary Results
Preliminary Results.
About this update from Ekf Diagnostics Holdings Plc
[{"type":"text","content":"\n \nEmbargoed: 07:00hrs 3 May 2007\n\n International Brand Licensing Plc \n\n (\"IBL\" or the \"Company\") \n\n Unaudited Preliminary Results \n\nInternational Brand Licensing plc, the branded sports lifestyle company,\nannounces its preliminary results for the period ended 31 December 2006.\n\nHighlights\n\n * Third successive record year for Admiral's England cricket sales, up 4.9%\n to £2,648,000 (2005: £2,525,000)\n \n * Operating Profit before exceptional items up 12.9% to £647,000 (2005:£573,000)\n \n * Administrative Expenses down 34% to £927,000 (2005: £1,402,000)\n \n * Savings of £73,000 in interest payable\n \n * Strategic partnership signed with @miral BV for the design, development,\n and sourcing of the Admiral brand for its international licensee network\n \n * Sale of Admiral Greek trademarks for cash consideration of £775,000,\n generating £121,000 of exceptional profit\n \n * Appointment of Axis Group as the new USA Admiral football licensee with\n minimum guarantees of $850,000 during a five year term\n \n * Appointment of Usher Corporation as new Admiral licensee in Australia and\n New Zealand\n \n * Appointment of Diethnis Athlitiki Ltd as the first ever Admiral licensee\n for Turkey, with minimum guarantees of £550,000 over a ten year term\n \n * Appointment of World Brands as the first ever Admiral licensee in the Czech\n Republic, Slovakia, and Hungary\n \n * Acquisition of the Muscle Athletic brand for a cash consideration of £350,000\n \n * License Agreement with Asda renewed for a second three year term from 2007\n to 2009\n \n * Appointment of Rajan Group as the new Admiral apparel licensee in the UK\n and Republic of Ireland with minimum guarantees of £295,000 for an initial\n three year term\n \n * Appointment of Tenzero as the new Admiral team sports licensee for the UK\n and Republic of Ireland with £189,000 minimum guarantees for a six year\n term\n \nCommenting on the results, Tony Hutchinson, IBL's Chief Executive, said:\n\n\"During the year under review IBL has achieved a number of key objectives.\n\nFollowing record Admiral England cricket sales in 2005, the year the team\nregained the Ashes from Australia, the Company managed to grow its England\ncricket replica sales again for the third year in succession. Distribution was\nexpanded for the first time into JJB Sports, resultin...