Business
Trading Update
Trading Update.
About this update from Mobilityone Limited
[{"type":"text","content":"\n \n\n\n\n\n\nRNS Number : 3672B MobilityOne Limited 17 February 2011 \n \n\n17 February 2011\nMobilityOne Limited\n(\"MobilityOne\" or the \"Company\")\n \nTrading update\n \nMobilityOne (AIM:MBO), the e-commerce infrastructure payment solutions and platform provider, is pleased to provide a trading update ahead of the announcement of its full year audited results for the 12 months to 31 December 2010. The Company expects to report an increase in revenue of 65% to approximately £22.6 million (12 months ended 31 December 2009: £13.7 million) with a reduced loss after tax of approximately £0.2 million (12 months ended 31 December 2009: loss after tax of £0.9 million). The growth in revenues is mainly due to a higher revenue in the 4th quarter of 2010.\n \nThese figures are based on the Company's unaudited accounts and subject to finalisation by the Company's auditors.\n \n\n\n\n\n\n\n\n \n1H 2009\n£'000\n\n\n \n2H 2009\n£'000 \n\n\nAudited\nFY 2009\n£'000\n\n\n \n1H 2010\n£'000\n\n\n \n2H 2010\n£'000\n\n\nUnaudited\nFY 2010\n£'000\n\n\n\n\nRevenue\n\n\n5,396\n\n\n8,338\n\n\n13,734\n\n\n9,770\n\n\n12,873\n\n\n22,643\n\n\n\n\nNet loss\n\n\n(420)\n\n\n(497)\n\n\n(917)\n\n\n(204)\n\n\n(32)\n\n\n(236)\n\n\n\n\n \n \nDuring the year MobilityOne generated a higher revenue contribution from prepaid mobile phone airtime reloads purchased via mobile phones, the internet and ATM banking channels of several major Malaysian banks that the Company has partnered with, as well as via Electronic Data Collection (\"EDC\") terminals installed at Carrefour Malaysia's hypermarkets and express stores. There was also an increase in revenue contribution from the Company's international remittance services and the contract signed during the year with Telekom Malaysia Berhad which has a value of c. £4.8 million to the Company to supply telecommunication hardware over a period of 3 years.\n \nThe Company anticipates its performance in 2011 to be favourable, after taking into consideration the following: \n \n(i) Continued revenue growth from prepaid airtime reloads for mobile phones via the Group's banking channels and EDC terminals. In addition to its existing partnerships with the majority of banks in Malaysia, MobilityOne ...