Business
Half Yearly Report
Half Yearly Report.
About this update from Zinc Media Group Plc
[{"type":"text","content":"\n \nRNS Number : 8248K Ten Alps PLC 30 June 2014 \n \n\n30 June 2014\nTen Alps Plc\n \nUnaudited Interim Results \n \nTen Alps Plc (\"Ten Alps\" or the \"Group\"), producer of high quality TV and radio together with integrated publishing and communications content, today announces its half year results for the six months to 31 March 2014. As announced on 1 April 2014, the Group has changed the year end to 30 June and a full 15 month statement will be announced later in the year.\n \nThe key focus going forward continues to be the return to Group profitability, with particular emphasis on quality and delivery of products and services within the Group's divisions.\n \nHighlights for the period include:\n\nPerformance\n \n· Group revenues of £12.43m (2013: £14.17m)\n· Adjusted EBITDA loss of £(0.64)m (2013: £(1.98)m)\n· Reorganisation and restructuring costs of £0.04m (2013: £0.34m)\n· Amortisation charge of £0.1m (2013: £3.69m)\n· Operating Losses of £(0.85)m (2013: £(6.11)m) \n· Loss for the period after tax £(1.09)m (2013: £(6.06)m)\n· Diluted loss per share (0.39)p (2013: (2.58)p)\n· Total Assets £17.58m (2013: £17.24m)\n· Net Debt of £6.37m* (2013: £6.08m) with facilities maturing in 2016\n \n* £986k is secured on a specific long term production of which 50% has already been delivered to the Broadcaster\n \n \n \nFor further information, please contact:\n \n\n\n\n\nTen Alps plc\n\n\n\n\n\n\n\nPeter Bertram, Chairman\n\n\nTel: +44 (0) 20 7878 2311\n\n\n\n\nc/o Moira McManus\n\n\n\n\n\n\n\nwww.tenalps.com\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nGrant Thornton, Nominated Adviser\n\n\nTel: +44 (0) 20 7383 5100\n\n\n\n\nColin Aaronson / Jen Clarke/ Jamie Barklem\n\n\n\n\n\n\n\nwww.grant-thornton.co.uk\n\n\n\n\n\n\n\n \n \n \n \n \n \nBUSINESS REVIEW\n \nQuality, Delivery, Diversity and Digital\n\nThe Group is now structured in a streamlined entity of two core divisions namely Broadcasting and Integrated Services. With this simpler and more effective Group structure, together with a leaner senior management team (the \"Manageme...