News
Preliminary Announcement of Final Results
04 May 2007
Cellcast plc (AIM:CLTV), the global interactive digital broadcaster, presents its preliminary announcement of final results for the year ended 31 December 2006.
Highlights
- Turnover up 66% to £21.9 million (2005: £13.2 million)
- Unexpected rise in UK costs in early 2006 met with effective control measures
- Strong growth in international business, which accounts for 41% of the Group’s total revenues in 2006 (2005: 3%)
- Successful launch of Sumo.TV media network
- Continued investment in the Group’s multi-platform technology
- Forecast of sustained profitability with expanded international distribution
Commenting on the results, Andrew Wilson, Chief Executive Officer, said: “It is a testament to the dedication of our employees that the Group has been able to address the challenges of 2006 and implement the necessary solutions. The benefits of the actions taken to reduce the fixed costs of the Group’s UK operations will be realised in the first half of 2007, and we look forward to updating shareholders on our progress. The successful launch of Sumo.TV in October was a particular highlight of last year, and in 2007 we will further focus on our international growth, the foundations of which are now in place.”
The full results are available to download in PDF format.
For further information:
| Cellcast plc |
|
Andrew Wilson, CEO |
Tel: +44 (0) 20 7190 0300 |
| HB Corporate | |
| Imran Ahmad / Edward Hutton / Rachel Kane | Tel: +44 (0) 20 7510 8600 |
| r.kane@hbcorporate.co.uk | www.hbcorporate.co.uk |
| Media enquiries: | |
| Abchurch | |
| Gareth Mead / Joanne Shears | Tel: +44 (0) 20 7398 7700 |
| gareth.mead@abchurch-group.com | www.abchurch-group.com |
