Business
Trading Statement
Trading Statement.
About this update from Mobilityone Limited
[{"type":"text","content":"\n RNS Number : 4094N MobilityOne Limited 10 June 2010 \n \n\n10 June 2010 \nMobilityOne Limited \n(\"MobilityOne\" or the \"Company\") \n \nTrading update \n \nThe Company wishes to announce that when it announces its full year results for the financial year ended 31 December 2009 it expects to report a loss after tax of approximately £920k (12 months ended 31 December 2008: loss after tax of £880k) on turnover of approximately £13.7 million (12 months ended 31 December 2008: £12.5 million). These figures are based on the Company's unaudited accounts and are subject to finalisation by the auditors.\n \nTurnover for the financial year ended 31 December 2009 increased by approximately 10% from 2008. However, higher depreciation, amortisation of intangible assets and development costs of approximately £315k, together with the writing off of bad debts and development costs of approximately £115k, have resulted in the Company expecting to record a loss of approximately £920k in the year ended 31 December 2009.\n \nThe Company anticipates its performance in 2010 to remain challenging in light of prevailing market conditions. However, barring any unforeseen circumstances, the Company anticipates an upturn in the 4th quarter of 2010 in the markets in which it operates, particularly in consideration of the following recent developments:\n \n(i) MobilityOne Sdn Bhd (\"MobilityOne Malaysia\"), a wholly-owned subsidiary of the Company, has signed an agreement with Carrefour Malaysia (www.carrefour.com.my) to roll out approximately 300 EDC terminals for mobile phone's prepaid airtime reloads (\"prepaid reloads\") across Carrefour Malaysia's 23 hypermarkets and 20 express stores throughout Malaysia;\n \n(ii) MobilityOne Malaysia has been awarded a contract from Telekom Malaysia Berhad (www.tm.com.my) with the value of RM22.7 million (equivalent to c. £4.8 million) to supply telecommunication hardware over a period of 3 years;\n \n(iii) In Cambodia, MobilityOne Malaysia has entered into agreements with 4 telecommunications companies, namely Hello Axiata Company Limited (Hello Mobile - www.hello.com.kh), Latelz Co. Ltd (Smart Mobile - www.smart.com.kh), Combodia Advan...