Business
Preliminary Statement of Results to 31 Dec 2010
Preliminary Statement of Results to 31 Dec 2010.
About this update from Fiinu Plc
[{"type":"text","content":"\n \nRNS Number : 9633D Immedia Group PLC 31 March 2011 \n\n \n \n \n \nIMMEDIA GROUP PLC\nPreliminary Statement of Results for the FY to 31 December 2010\n \nImmedia Group Plc (\"Immedia\"), the UK's leading provider of in-store radio, music and video, today announces its preliminary financial results for the year to 31 December 2010.\n \nOverview\n· Operating loss of £59,724 (2009: profit £59,789)\n· Renewal of speech and music subscription contracts\n· Trials with potential new customers\n· Expansion of equipment installation and maintenance services\n· Innovation in development of new subscription content services\n \n \nFinancial Summary\n \n\n\n\n\n\n\n\n12 months to\n31 December 2010\n\n\n12 months to\n31 December 2009\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nRevenue\n\n\n£3,509,421\n\n\n£3,771,135\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nResults from operating activities\n\n\n£(59,724)\n\n\n£59,789\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n(Loss)/profit before income tax\n\n\n£(60,444)\n\n\n£59,942\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n(Loss)/profit and total comprehensive income for the year \nattributable to equity shareholders\n\n\n \n£(48,566)\n\n\n \n£75,238\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nBasic and diluted (loss)/earnings per share \n\n\n(0.35)p\n\n\n0.54p\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£817,242\n\n\n£816,712\n\n\n\n\n\n\nBruno Brookes, Chief Executive of Immedia, said:\n \n\"Last year we reported the launch of initiatives to provide our services to a greater number of clients both small and large, and have created a collection of generic music channels for a wide variety of retail business sectors which we will launch in the first half of 2011. As a result we can deliver content not just within the UK but also in EMEA territories. Our work in supporting this growth includes the development of indirect reseller channels. \n \n\"We are engaged in several significant tender processes and also in designing 'stores of the future' for existing and potential new clients. Our product ran...