Seller's6 Mar 2014 10:56
Daft IMO but each to their own,,,,,,,,never wrong to bank some profits,,,,,,,,,,,I will be watching closely as I plan to hold on to this one and will be topping up on any dips as the story grows ,,,,,,,,,,,,,DYOR
Tangent Communications PLC
06 March 2014
Tangent Communications plc ("Tangent" or the "Company")
TRADING UPDATE
Profits AHEAD OF expectations for the full year
Tangent (AIM: TNG), announces that its underlying operating profit for the full year to 28 February 2014 will be ahead of current market expectations. Underlying operating profit has increased in excess of 20% on a like for like basis compared to the prior year. Revenues for the year will be in line with market expectations of GBP27m.
The business continues to be cash generative and net cash will be approximately GBP2.6m at the period end.
The economy is picking up and we start our new financial year with confidence. We have recruited much of the talent required to fuel the growth expected in the forthcoming year. Growth is anticipated across all of our operating businesses as we expand the range of products and services we offer.
Fourth Quarter Key Performance Indicators for printed.com, goodprint and smileprint
The growth in sales continues to highlight the stickiness of our customer base and the extent to which they are buying more. Average order values remain consistent with prior quarters for both new and repeat customers.
Full year sales reached GBP9.3m an increase of 16% over the prior year.
Q4 KPIs Q4 (Dec to Q4 (Dec to
printed.com, goodprint, Feb 2014) Feb 2013)
smileprint
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Sales GBP2.2m GBP2.0m
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New customers 14,153 18,677
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Unique customers 28,819 30,035
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Advertising/Sales 25% 26%
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For further information, please contact:
Tangent Communications plc