rear of rns26 Nov 2009 07:46
Commenting on the results, Chairman, Jim Faulds, said,
"The financial year to 30 September 2009 has been a challenging one, set against the background of the economic downturn and banking crisis. While this has undoubtedly affected our trading results for the year, as we previously announced, I am pleased to report that the Group made further progress in the development of the business. Total revenues grew by 14% compared to the previous year, with revenues from media sales increasing by 81%. Financially, the Group's cash position is healthy, with negligible borrowings.
The potential to roll out our advertising solution across further ATM networks and scale the business remains substantial. In addition, the Group's market position and track record in delivering advertising campaigns across multiple ATM networks remains unsurpassed. As we look ahead, we consider that the business is well placed for growth as the banking and advertising sectors stabilise and recover."