UBC12 Nov 2012 18:31
Half Year results for the period ended 30 September 2012
UBC Media Group (AIM: UBC), the multimedia content and services company, today announces its results for the half year ended 30 September 2012.
Financial highlights
§ Turnover up 47% at £2,201,000 (2011: £1,497,000)
§ Gross Profit up 110% to £271,000 (2011: £129,000)
§ Operating loss reduced by 28% at £355,000 (2011: £494,000)
§ Continued strong balance sheet with £3.3m of cash after FY 2011 dividend payment (31 March 2012: £3.5m)
§ Statutory loss for the period, after investment in Audioboo and discontinued operations, of £563,000 (2011: £436,000)