back up to 1p4 Dec 2014 08:55
30 June 2014
Ten Alps Plc
Unaudited Interim Results
Ten Alps Plc ("Ten Alps" or the "Group"), producer of high quality TV and radio together with integrated publishing and communications content, today announces its half year results for the six months to 31 March 2014. As announced on 1 April 2014, the Group has changed the year end to 30 June and a full 15 month statement will be announced later in the year.
The key focus going forward continues to be the return to Group profitability, with particular emphasis on quality and delivery of products and services within the Group's divisions.
Highlights for the period include:
Performance
-- Group revenues of GBP12.43m (2013: GBP14.17m)
-- Adjusted EBITDA loss of GBP(0.64)m (2013: GBP(1.98)m)
-- Reorganisation and restructuring costs of GBP0.04m (2013: GBP0.34m)
-- Amortisation charge of GBP0.1m (2013: GBP3.69m)
-- Operating Losses of GBP(0.85)m (2013: GBP(6.11)m)
-- Loss for the period after tax GBP(1.09)m (2013: GBP(6.06)m)
-- Diluted loss per share (0.39)p (2013: (2.58)p)
-- Total Assets GBP17.58m (2013: GBP17.24m)
-- Net Debt of GBP6.37m* (2013: GBP6.08m) with facilities maturing in 2016