Business
Preliminary results
Preliminary results.
About this update from Fiinu Plc
[{"type":"text","content":"\n \nRNS Number : 8517V Immedia Group PLC 21 April 2016 \n\n21st April 2016 \n \nIMMEDIA GROUP PLC\nPreliminary Statement of Results for the year ended 31 December 2015\n \nImmedia Group Plc (AIM: IME) (\"Immedia\" or the \"Group\") a premier supplier of digital music, entertainment and commerce channels to leading brands, today announces its preliminary financial results for the year ended 31 December 2015.\nOverview\n· Diversification into new non-retail corporate markets\n· New sectors added in 2015 \n· Significant investment in studio and IT technology\n· Re-classification of Audioboom investment\n· Cash used to repay debt\n· Significant new client win post year-end\n \nFinancial Summary\n\n\n\n\n\n\n\n\n\n\nRestated\n\n\n\n\n\n\n\n12 months to\n31 December 2015\n\n\n12 months to\n31 December 2014\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nRevenue\n\n\n£2,366,293\n\n\n£2,578,740\n\n\n\n\nEarnings before interest, taxation, depreciation and amortisation (EBITDA)\n\n\n \n£54,767\n\n\n \n£204,307\n\n\n\n\nProfit from operations\n\n\n£6,274\n\n\n£152,949\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nProfit before tax\n\n\n£5,379\n\n\n£150,930\n\n\n\n\nTax expense\n\n\n£(100,060)\n\n\n£(237,240)\n\n\n\n\nLoss for year\n\n\n£(94,681)\n\n\n£(86,310)\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nNet fair value (loss)/gain on available for sale assets\n\n\n£(352,200)\n\n\n£517,200\n\n\n\n\nTotal comprehensive (loss)/income for the year\n\n\n£(446,881)\n\n\n£430,890\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nBasic earnings per share \n\n\n(0.69)p\n\n\n(0.63)p\n\n\n\n\nDiluted earnings per share\n\n\n(0.69)p\n\n\n(0.63)p\n\n\n\n\nBasic pre-tax earnings per share\n\n\n0.04p\n\n\n1.1p\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nYear-end balance of cash and cash equivalents\n\n\n£353,435\n\n\n£324,345\n\n\n\n\nNet funds\n\n\n£344,664\n\n\n£203,988\n\n\n\n\n\n\n \nBruno Brookes, Chief Executive of Immedia, said: \n \"During a challenging 2015 we took the opportunity to diversify our client base through expanding our channel development to audiences beyond retail, including workforce, fans and education, which led to a significant client win with BT's network business Openreach. \n \nAlthough retail remains a core sector for Immedia, as shown by...