Business
Preliminary Statement of Results-FY to 31 Dec 2012
Preliminary Statement of Results-FY to 31 Dec 2012.
About this update from Fiinu Plc
[{"type":"text","content":"\n \nRNS Number : 9027A Immedia Group PLC 26 March 2013 \n \n\n \n \n \nIMMEDIA GROUP PLC\nPreliminary Statement of Results for the FY to 31 December 2012\n \nImmedia Group Plc (\"Immedia\" or the \"Group\"), which provides bespoke radio stations and a range of in-store media solutions for retailers, today announces its preliminary financial results for the year to 31 December 2012.\n \nOverview\n· Overall 2012 was a disappointing year for the Group with a loss after tax of £150,755 on reduced revenue of £2,486,783.\n \n· But the fall in EBITDA in 2012 compared to 2011 is entirely explained by bad debts in 2012.\n \n· A major cost reduction and restructuring was completed in the second half of 2012, and H2 profits after tax of £40,427 have reduced H1 losses.\n \n· Important new contracts were won including with Superdrug and we were also appointed by the new owners of GAME to continue the service.\n \n· Improved outlook for profitability in 2013.\n \n· The Board remains committed to the realisation of shareholder value and will take the necessary action to achieve this goal.\n \nFinancial Summary\n\n\n\n\n\n\n\n12 months to\n31 December 2012\n\n\n12 months to\n31 December \n2011\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nRevenue\n\n\n£2,486,783\n\n\n£2,968,184\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n(Loss)/earnings before interest, taxation , depreciation, amortisation and impairment charges (EBITDA)\n\n\n \n£(49,688)\n\n\n \n£21,383\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nResults from operating activities\n\n\n£(166,583)\n\n\n£(166,307)\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nLoss before income tax\n\n\n£(167,173)\n\n\n£(164,500)\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nLoss and total comprehensive income for the year \nattributable to equity shareholders of the parent\n\n\n \n£(150,755)\n\n\n \n£(142,066)\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nBasic and diluted loss per share \n\n\n(1.10)p\n\n\n(1.04)p\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£290,574\n\n\n£738,150\n\n\n\n\n* The outflows of cash in 2012 were used to repay a backlog of historic licencing liabilities, agreed a yea...