Business
Interim results
Interim results.
About this update from Team Internet Group Plc
[{"type":"text","content":"\n \nRNS Number : 8111O CentralNic Group PLC 25 September 2013 \n \n\nCENTRALNIC GROUP PLC\n(\"CentralNic\" or \"the Company\")\n \nInterim results for the six months ended 30 June 2013\n \nCentralNic (AIM: CNIC), the internet registry service provider which derives revenues from the worldwide distribution of internet domain names, today announces its interim results for the six months ended 30 June 2013. \nOperational highlights\n§ The Company undertook an institutional fund raise and prepared to list on AIM. The IPO took place on September 2nd, 2013, securing a very strong balance sheet with over £5m in cash.\n \n§ Gross Profit in the first half was up 60% to £1.21m, EBITDA was up 64% to £0.762m, and Profit Before Tax was up 97.5% to £0.636m .\n \n§ The CentralNic-distributed .PW has been the world's most successful Top-Level Domain (\"TLD\") launch since 2011, attaining sales of 250,000 domains in the first six months from launch.\n \n§ The Company signed contracts to supply domain names to 40 new domain retailers, including leading Chinese registrars and the world's largest domain name retailer, GoDaddy, which collaborated with CentralNic on a significant promotion for the .LA domain in Los Angeles in July.\n \n§ 14 client applications for new Top-Level Domains (TLDs) passed ICANN's initial evaluation and collision risk assessment, and being uncontested will therefore be exclusively powered by CentralNic when they launch. An additional 39 TLDs have passed initial evaluation and remain candidates for CentralNic to distribute.\n \nFinancial highlights\n \n\n\n\n\n\n\n\n30-Jun-13\n\n\n30-Jun-12\n\n\n31 Dec 2012\n\n\n\n\n\n\n\n£'000\n\n\n£'000\n\n\n£'000\n\n\n\n\nRevenue\n\n\n1,735\n\n\n1,496\n\n\n2,933\n\n\n\n\nGross Profit\n\n\n1,210\n\n\n756\n\n\n1,739\n\n\n\n\nEBITDA\n\n\n762\n\n\n464\n\n\n1,134\n\n\n\n\nPBT\n\n\n636\n\n\n322\n\n\n835\n\n\n\n\n \n \nPost period end\n \n§ IPO and admission to AIM successfully completed raising £7m, including £5m of new money.\n \n§ Re-launched .LA domains in Los Angeles in partnership with GoDaddy\n \n§ Signed initial clients for TLD Registrar Solutions - CentralNic's domain retailing service\n \n§ ICANN has moved into contracting phase for new TLD applicants\n \n \nCommenting on the results, John...