Preliminary Results released..8 Apr 2009 08:24
An excellent set of results in view of the tough sector trading conditions.. Now we know why Directors had been increasing their shareholdings.
Immedia Group Plc ("Immedia"), the UK's leading provider of live, tailored in-store radio and TV, today announces its preliminary financial results for the year to 31 December 2008.
Overview
Move into profit: pre tax profit of £82,934 (2007: pre tax loss of £1,355,410)
Improved cash position with £883,197 cash at bank as at 31 December 2008 (31 December 2007: £661,845)
New contract signed with major UK high street bank for RadioVision
Installation and maintenance services business continues to expand