Business
2019 Preliminary Results
2019 Preliminary Results.
About this update from Fiinu Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 9350Z\n Immedia Group PLC\n 24 September 2020\n \n \n \n \n \n \n \n \n \n \n \n \n \n The information contained within this announcement is deemed by the Company to constitute inside information stipulated under the Market Abuse Regulation (EU) No. 596/2014. Upon the publication of this announcement via the Regulatory Information Service, this inside information is now considered to be in the public domain.\n \n \n \n \n \n \n \n \n Thursday, 24 September 2020\n \n \n \n \n \n \n \n \n Immedia Group Plc\n \n \n (\"Immedia\" or \"the Group\" or \"the Company\")\n \n \n multi-media content and digital solutions provider to global businesses \n \n \n \n \n \n 2019 Preliminary Results \n \n \n \n \n \n Immedia Group Plc (AIM: IME)\n \n \n \n today announces its preliminary results for the year ended 31 December 2019.\n \n \n \n \n \n \n \n \n \n Immedia Group Plc\n \n \n Preliminary results for the year ended 31 December 2019\n \n \n \n \n \n \n \n \n \"2019 was a disappointment after the improved performance in the prior year in terms of revenue and profitability. Our unique mix of brand engagement and creative skills underpins our ability to secure new business. 2020 business activity has been affected by the COVID-19 outbreak, but we are also witnessing a pipeline of new opportunities with several key potential clients across our target verticals which we hope will take effect when restrictions ease again.\"\n \n \n Tim Hipperson, Chairman\n \n \n \n \n \n \n \n \n \n \n \n \n FINANCIAL HIGHLIGHTS\n \n \n \n \n \n \n Ø \n A reduced performance after an improved 2018\n \n \n \n \n \n \n Ø \n 14% decrease in revenue to £4,020,443\n \n \n \n \n \n \n Ø \n EBITDA loss of \n £699,583 (2018: profit £262,588)\n \n \n Ø \n Trading EBITDA loss (excluding a one-off bad debt provision and one-off transaction costs) of £(317,434)\n \n \n Ø \n One-off transaction costs of £279,360\n \n \n \n \n \n \n Ø \n Loss before tax of £991,461 (2018: profit £106,204)\n \n \n \n \n \n \n Ø \n Cash balances decreased to £237,574 (2018: £369,698)\n \n \n \n \n \n \n Ø \n The Group has lease liabilities totaling £184,393 (2018: £77,044). T...