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Ten Alps widens pretax loss in extremely disappointing FY

Mon, 07th Nov 2016 10:42

(ShareCast News) - Ten Alps, which trades as Zinc Media, has materially widened its full-year pre-tax loss on the back of charges for amortising and impairing intangible assets. Its full-year pre-tax loss was £3.66 million, from £1.03 million. The amortisation and impairment charges totalled £3.18 million, from £43,000.Nonetheless, it booked a rise in 12-month revenues to £22.62 million, from £18.03 million.Chairman Peter Bertram described the wider loss as extremely disappointing, adding hard decisions had been made and remedial action taken to structure the business for success."The Reef acquisition has been a real success and we aim to use this as a template for future deals," said Bertram in a statement."We believe that scale, depth in talent, customer base and the ability to work seamlessly across the different factual genres makes us attractive for both acquisition targets and to our customer base," he added."All business units are forecast to operate profitably during the current financial year."We are extremely grateful to all our stakeholders, including our talented and dedicated employees, and our supportive shareholders."At about 10:55 BST, shares in Ten Alps were down 6.25% to 0.75p.
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Ten Alps First Half Loss Flat

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25 Mar 2015 08:14

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15 Dec 2014 11:16

Ten Alps appoints new CEO

Radio and Television Media Broadcaster Ten Alps has announced the appointment of Mark Wood as new chief executive of the group with immediate effect. Wood joined the Ten Alps board as a non-executive director in July. He has a wealth of experience in television, publishing and digital media and will

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4 Dec 2014 16:04

Ten Alps shares rocket on funding plan, narrower losses

The market value of Ten Alps almost trebled on Thursday after the AIM-listed multimedia group entered into a funding agreement and reported a significant narrowing of losses. The stock was up 189% at 0.65p by 16:07, trading back at levels not seen since early October after a recent sell-off. Ten Al

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24 Jul 2014 12:55

Ten Alps Shareholders Inject Capital For Development, Working Capital

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30 Jun 2014 13:04

Ten Alps Losses Narrow In First Half Following Restructuring

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21 Jun 2013 08:31

Ten Alps losses double after streamlining process

AIM media group Ten Alps suffered increased losses and lower revenues during a 'transformative' year of restructuring. The broadcasting, television and radio production, and publishing group said it has "moved decisively away from the legacy of its past" with a series of disposals and a simplified

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14 May 2013 12:21

Ten Alps disposes of Fareham Agency Asset

TV producer and integrated publishing and communications provider Ten Alps has disposed of its assets and liabilities in the Fareham Agency. Fareham, which was held via Ten Alps's subsidiary Ten Alps Communications(TAC), was disposed of for a net cash consideration of £144,616 and an agreed write-o

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21 Dec 2010 17:54

Restructuring for Ten Alps

Factual media business Ten Alps is raising additional cash and has secured a new loan facility as it focuses on organic growth. AIM-quoted Ten Alps is raising £4.7m at 8p a share and a further £1.5m from a loan note issue to Herald Investment Management. The new shares equate to 44.3% of the enlar

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15 Oct 2010 16:57

Teachers TV cancellation knocks Ten Alps

When Ten Alps advertised a debate on education budgets on its Teachers TV website on 21 October it probably did not realise that it could be the main topic following the cancellation of the Teachers TV contract by the government. Shares in Ten Alps fell by one-third to 10.5p following the news.

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9 Jun 2010 07:00

Wednesday tips round-up: Tesco, WH Smith, Aggreko

Tesco faces challenges in the current market. Sales growth in the UK is unlikely to be spectacular and the improvement in its global operations will be slow and steady, tied into the economic recovery. Also, Fresh 'n' Easy in the US is yet to make a profit. However, retiring chief executive Sir Te

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8 Jun 2010 08:25

Ten Alps Launches Beijing Operations

LONDON (Dow Jones)--Ten Alps PLC (TAL.LN), a multimedia production company announced Tuesday it has expanded into China with a new office in Beijing. MAIN FACTS: -The new office will from Tuesday provide local-market editorial services, plus advertising sales representation for Ten Alps titl

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8 Jun 2010 07:36

Ten Alps FY Pretax Profit GBP3.2M Vs GBP3.3M

LONDON (Dow Jones)--Ten Alps PLC (TAL.LN), a multimedia group said Tuesday that for the year ended March 31, it made a pretax profit of GBP3.2 million compared with GBP3.3 million a year earlier. MAIN FACTS: -Revenue GBP66.1 million (2009: GBP80.2 million) -EBITDA GBP5.2 million (2009 GB

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8 Jun 2010 07:15

Ten Alps FY profit little changed

Multimedia group Ten Alps said annual pre-tax profit was little changed as it beefed up its Asian presence and the recession hit advertising. The group, which has operations in Singapore and Beijing, said pre-tax profit fell to £3.2m for the financial year to 31 March 2010 from £3.3m in 2009. Reven

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