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Milestone Share News (MSG)
Share News for Milestone (MSG)
| Share Price: 0.475 | Bid: 0.40 | Ask: 0.55 | Change: 0.00 (0.00%) |  | ||||||
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Milestone H1 pretax loss narrows, sales halve on disposal; mulls further funding
Thu, 14th Jun 2007 09:04
LONDON (Thomson Financial) - Milestone Group PLC posted a narrower first-half pretax loss on d
'The company has sufficient reserves in place to continue to trade as a going concern for the foreseeable future. The board is considering the likely funding requirements of an expansion of the company's business...,' Milestone said.
The AIM-listed media company posted a pretax loss of 653,897 stg against last year's 1.8 mln stg loss, while revenues slipped to 50,918 stg against 1.76 mln stg. Cash reserves stood at 0.6 mln stg against 0.7 mln stg, it said.
Milestone said its television business' loss reduced to 40,000 stg on turnover of 46,000 stg and the division continues to trade at a 'modest loss' broadly in line with expectations.
The company reiterated that as part of its strategy to cut down overhead costs, chief executive Andy Craig has agreed to step down but will remain as non-executive director, while finance director Brian Chester will continue to serve but in a part time capacity.
TFN.newsdesk@thomson.com
ypv/jro/slm
COPYRIGHT
Copyright AFX News Limited 2007. All rights reserved.
The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.
LONDON (Thomson Financial) - Milestone Group PLC posted a narrower first-half pretax loss on d
isposal of its publishing and radio assets, while revenues more than halved, and the company said it is considering funding needed for expansion.
'The company has sufficient reserves in place to continue to trade as a going concern for the foreseeable future. The board is considering the likely funding requirements of an expansion of the company's business...,' Milestone said.
The AIM-listed media company posted a pretax loss of 653,897 stg against last year's 1.8 mln stg loss, while revenues slipped to 50,918 stg against 1.76 mln stg. Cash reserves stood at 0.6 mln stg against 0.7 mln stg, it said.
Milestone said its television business' loss reduced to 40,000 stg on turnover of 46,000 stg and the division continues to trade at a 'modest loss' broadly in line with expectations.
The company reiterated that as part of its strategy to cut down overhead costs, chief executive Andy Craig has agreed to step down but will remain as non-executive director, while finance director Brian Chester will continue to serve but in a part time capacity.
TFN.newsdesk@thomson.com
ypv/jro/slm
COPYRIGHT
Copyright AFX News Limited 2007. All rights reserved.
The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.
BRIEF-Milestone Group raises 80,000 stg through share placing
LONDON, Dec 31 (Reuters) - Milestone Group Plc: * Issue of equity * Announces equity issue raising £80,000 * To issue 5,517,241 s[31 Dec '10]
BRIEF-Milestone gets consultancy contract
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Milestone Group, Enrich Social Productions to kick off new channel
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Milestone says Oxford Broadcasting unit wins facilities supply agreement
LONDON (Thomson Financial) - Milestone Group Plc. said its wholly owned unit, Oxford Broadcasting Ltd., has won a contract to provide television[12 Sep '08]
Milestone sells its stake in The Flex
LONDON (Thomson Financial) - AIM-listed Milestone Group Plc. said it disposed of its 80 percent shareholding in The Flex (International) Ltd. fo[3 Sep '08]
Milestone Group raises 300,000 pounds via share, loan note subscription
LONDON (Thomson Financial) - Milestone Group Plc. said it has conditionally raised 300,000 pounds, before expenses, through a share and loan not[8 Jul '08]
Milestone Group H1 pretax loss narrows to 322,711 pounds vs 653,897 loss
LONDON (Thomson Financial) - Milestone Group Plc. narrowed its first-half pretax loss due to lower administrative costs. The AIM-listed medi[30 Jun '08]
