Business
Trading update and extension of reporting deadline
Trading update and extension of reporting deadline.
About this update from Mobilityone Limited
[{"type":"text","content":"\n \n \n \n RNS Number : 8335B\n MobilityOne Limited\n 15 June 2021\n \n \n \n \n \n \n \n The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the UK Market Abuse Regulation. With the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.\n \n \n \n \n \n 15 June 2021\n \n \n MobilityOne Limited\n \n \n (\"MobilityOne\", the \"Company\" or the \"Group\")\n \n \n \n \n \n Trading update and\n \n \n extension to publication of audited accounts for year ended\n \n \n 31 December 2020\n \n \n \n \n \n MobilityOne (AIM: MBO), the e-commerce infrastructure payment solutions and platform provider, announces an update on trading prior to release of its audited results for the financial year ended 31 December 2020. \n \n \n \n \n \n \n Highlights\n \n : \n \n \n \n \n \n · \n Unaudited revenue increased 45.6% to £246.7 million (2019: £169.4 million) mainly due to higher sales recorded in the \n Group's mobile phone prepaid airtime reload and bill payment business in Malaysia;\n \n \n \n \n \n · \n Gross profit of £12.96 million (2019: £10.77 million);\n \n \n \n \n \n · \n Profit before tax of £2.26 million (2019: £1.08 million);\n \n \n \n \n \n · \n Profit after tax of £1.61 million (2019: £1.87 million, included gain on disposal of a subsidiary of £1.11 million); \n \n \n \n \n \n · \n Cash and cash equivalents as at 31 December 2020 of £4.42 million (31 December 2019: £4.42 million); \n \n \n \n \n \n · \n The Directors remain positive on the prospects of the Group for 2021 as the COVID-19 pandemic has not negatively affected the Group's financial performance and the existing businesses in Malaysia are expected to grow further; and\n \n \n \n \n \n · \n The Company has been granted an extension to publish its audited results for the financial year ended 31 December 2020 by no later than 30 September 2021. \n \n \n \n \n \n Based on the unaudited results for the financial year ended 31 December 2020, the Group achieved an increase in revenue of £246.7 million (12 months ended 31 December 2019: revenue of £169.4 million). This reflects a 45.6% increase and was\n mainly due ...