Business
Pre-close statement
Pre-close statement.
About this update from Zinc Media Group Plc
[{"type":"text","content":"\n RNS Number : 1430J Ten Alps PLC 25 March 2010 \n \n\n25 March 2010\nTen Alps Plc ('Ten Alps' or the 'Company')\nPre-close statement\nMultimedia factual producer Ten Alps Plc (AIM: TAL) provides the following pre-close statement for the financial year ending 31 March 2010. \nThe Directors anticipate that Ten Alps will deliver aprofit before tax of approximately £3.5m, an increase on the prior year of 6% (2009: £3.3m), in line with current market expectations. \nThe general recessionary environment during the period affected businesses exposed to advertising, Ten Alps included. The Directors therefore expect to report, subject to audit, revenue for the period of approximately £68m (2009: £80.2m) and EBITDA of approximately £5.4m (2009: £5.9m).\nTen Alps has successfully improved its margins through reduced product costs, notably, a continued move to online services and digital distribution of the product range. \nThe measures taken to improve the Company's return on sales will hold the business in good stead as it enters its new financial year. \nIn recent trading, weekly advertising sales run rates have improved within the Communications division, and the Content division has achieved its expected order book for TV production which presents a positive, if early, indication for 2010-11.\nThe Directors believe that the Company's multimedia product proposition is increasingly required by clients across all sectors, and that the assets of Ten Alps remain independently well-positioned in each of their markets. \nPreliminary results for the financial year to 31 March 2010 will be released on Tuesday 8 June. \nwww.tenalps.com\nContact\nTen Alps plc Tel: +44 (0) 20 7878 2311Alex Connock, CEO c/o Moira McManus \nwww.tenalps.com/investors\nGrant Thornton, Nominated Adviser Tel: +44 (0) 20 7383 5100\nGerry Beaney...