Less Ads, More Data, More Tools Register for FREE

Pin to quick picksR4E.L Regulatory News (R4E)

  • There is currently no data for R4E

Trading update

6 Jul 2011 07:00

RNS Number : 8358J
Pivot Enterainment Group PLC
06 July 2011
 

06 July 2011

PIVOT ENTERTAINMENT CORPORATION PLC

 

("Pivot Entertainment" or "the Company" or "the Group")

 

6-Month Trading Update

 

Pivot Entertainment Corporation plc (AIM: PVT), a transatlantic media and entertainment company is pleased to provide a trading update for the 6 months to 31 May 2011.

 

For the unaudited period from 1 December 2010 to 31 May 2011, the Board believes that Group turnover has increased by nearly 11 percent, compared to the same period in the prior financial year. The increased turnover occurred in both New York and London.

 

Over this same 6-month period, EBITDA has improved by nearly ÂŁ1,500,000, compared to the same period in the prior financial year as a result of new client engagements and discontinuing or disposing of certain loss making operations of the Group. In addition to continuing to work with its normal base of clients in theatre and film, the Group is pleased to have developed 24 new high profile client relationships.

 

Pivot Entertainment will announce its unaudited interim results for the six months ended 31 May 2011 during the week commencing 22 August 2011.

Commenting, Chief Executive of Pivot Entertainment, Jeremy Barbera, said:

"We are very pleased with the progress made by the Group during the past six months. The board of Pivot has now completed our goal of reshaping the business into a highly focused transatlantic media and entertainment company. Our executives have also secured a number of new key contracts, increasing turnover and profitability, and we look forward to building on this success throughout the rest of the year."

-End-

Enquiries:

Pivot Entertainment Corporation Plc

Jeremy Barbera/David Stoller/ Shirley Stapleton Tel: +44 20 79930000

Seymour Pierce Limited

Stewart Dickson /Tom Sheldon (Corporate Finance) Tel: +44 20 71078000

Katie Ratner (Corporate Broking)

Bishopsgate Communications Limited

Deepali Schneider/Natalie Quinn Tel: +44 20 75623350

pivotentertainment@bishopsgatecommunications.com

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
TSTLLFLDDVIEIIL
Date   Source Headline
3rd May 20197:00 amRNSTotal Voting Rights
2nd May 20197:00 amRNSFinal Results
25th Apr 20197:00 amRNSRenewal of Media Trading Agreements
4th Apr 20197:00 amRNSTotal voting rights
22nd Mar 20191:16 pmRNSHolding(s) in Company
21st Mar 20194:02 pmRNSDirector/PDMR Dealing
21st Mar 20193:16 pmRNSCompletion of Acquisition
15th Mar 201911:00 amRNSResult of General Meeting
8th Mar 20197:00 amRNSGrant of Options
1st Mar 201912:52 pmRNSBlock Admission of Shares
22nd Feb 20197:00 amRNSAcquisition of Agency Press Limited 'Sold Out'
31st Jan 20197:00 amRNSYear-end trading update
30th Jan 20197:00 amRNSr4e acquires 50% stake in Buzz 16 Productions
20th Dec 20184:46 pmRNSDirector Change
25th Sep 20187:00 amRNSInterim Results
29th Aug 20187:00 amRNSr4e launches live entertainment PR agency
23rd Jul 20187:00 amRNSChange of Adviser
28th Jun 201811:50 amRNSResult of AGM
28th Jun 20187:00 amRNSExercise of Options and Total Voting Rights
25th Jun 20187:00 amRNSDirector/PDMR Shareholding
4th Jun 201811:35 amRNSPosting of Annual Report and Notice of AGM
22nd May 20187:00 amRNSFinal Results
10th May 201810:45 amRNSChange of Adviser
4th May 20183:00 pmRNSDirector Declaration
24th Apr 20187:00 amRNSLaunch of Dutch Entertainment Agency
12th Apr 20187:00 amRNSDirectorate Change
29th Mar 20185:00 pmRNSTotal Voting Rights
14th Mar 20183:12 pmRNSHolding(s) in Company
6th Mar 20186:12 pmRNSExercise of Options and Total Voting Rights
6th Mar 201811:30 amRNSBanking Update
5th Mar 201812:17 pmRNSDirector Declaration
15th Feb 20187:00 amRNSHolding(s) in Company
14th Feb 20182:45 pmRNSHolding(s) in Company
13th Feb 20184:20 pmRNSCompletion of vendor placing and director holding
13th Feb 20181:41 pmRNSProposed vendor placing
12th Feb 20187:00 amRNSMedia Buying Agreement
7th Feb 20187:00 amRNSTrading Statement
31st Jan 20185:00 pmRNSTotal Voting Rights
24th Jan 20183:01 pmRNSDirector Change
18th Jan 20189:15 amRNSExercise of Options and Total Voting Rights
29th Dec 20171:00 pmRNSTotal Voting Rights
21st Dec 20179:24 amRNSHolding(s) in Company
21st Dec 20178:10 amRNSDirector/PDMR shareholdings and grant of options
20th Dec 201711:00 amRNSResult of GM and update re grant of options
5th Dec 20171:00 pmRNSExercise of options and total voting rights
4th Dec 20173:55 pmRNSProposed £5.5m Placing
29th Nov 20175:18 pmRNSStatement re press speculation
18th Oct 20176:03 pmRNSBanking Update
13th Oct 20177:00 amRNSDirectorate Change
29th Sep 201712:08 pmRNSAppointment of Interim Chairman

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.