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92.50    5.00 (5.71%)
Bid:
90.00
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Spread: 5.00 (5.556%)
Market Cap: £6.08m
TIDE Live PriceLast checked at - London Stock Exchange

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Trading Update

3 Mar 2015 07:00

RNS Number : 3200G
Crimson Tide PLC
03 March 2015
 

Crimson Tide PLC

("Crimson Tide" or "the Company")

Trading Update

 

Crimson Tide is pleased to provide a trading update for the year ended 31 December 2014.

 

The Company expects EBITDA and Profit Before Tax for 2014 to be ahead of market expectations and that reported for 2013. Turnover was similar to last year.

 

The Board was encouraged by the robust performance for the period. Trading in the year was strong with improved profitability and cash generation. Significantly, in the last quarter the business commenced delivery of mpro5 to the global food and beverage company announced last year.

 

Outlook

 

The Roll out of mpro5 to the food and beverage company has gone well in Australia .The Company expects further expansion of this opportunity and the next deliveries are planned for Germany and North America. The client has expressed its satisfaction with the services provided. The Company continues to work on larger opportunities and is confident of progress.

 

Sam Roberts, the Company's new Sales Director, commenced work on February 10, and the Board is excited by the opportunities which it believes Mr Roberts will exploit. The Company continues to invest for growth with significantly increasing sales and marketing spend budgeted this year. In addition it is investigating further opportunities in the markets now being served with its global client.

 

Barrie Whipp, Executive Chairman, commented: "2014 proved to be an excellent year of progress for the Company and as announced recently, we are in a strong cash position which gives us a platform to grow ambitiously. The opportunities in front of us are very exciting"

 

 

For further information:

 

Crimson Tide plc

 

Barrie Whipp, Executive Chairman 01892 542 444

 

WH Ireland

 

James Joyce /James Bavister 020 7220 1666

 

 

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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TSTJTMPTMBTMBMA
Date   Source Headline
18th Nov 20169:45 amRNSDirector/PDMR Shareholding
13th Oct 20167:00 amRNSSignificant long term contract win
12th Oct 20167:00 amRNSLong Term Contract with NCHCD
22nd Sep 20167:00 amRNSInterim Results
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3rd Jun 20163:47 pmRNSFinal Results and Notice of AGM
20th May 20163:26 pmRNSExercise of Options
20th Apr 20167:00 amRNSPreliminary Results
25th Feb 20167:00 amRNSTrading Update
24th Feb 20163:34 pmRNSResult of Court Hearing
26th Jan 20162:37 pmRNSResult of General Meeting
30th Dec 20157:00 amRNSProposed Reconstruction of Capital
4th Dec 20157:00 amRNSUpdate on Significant Contract Win
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14th Apr 20157:00 amRNSContracts Update
2nd Apr 20157:00 amRNSPreliminary Results
20th Mar 201510:03 amRNSDirectorate Change
3rd Mar 20157:00 amRNSTrading Update
24th Feb 20157:00 amRNSNew Finance Facilities
30th Jan 20155:02 pmRNSHolding(s) in Company
11th Dec 20147:00 amRNSAppointment of Director
29th Oct 20147:00 amRNSContract win for mpro5
14th Oct 20147:00 amRNSContract win for mpro
23rd Sep 20147:00 amRNSInterim Results
1st Sep 20147:00 amRNSSignificant contract win takes Crimson Tide Global
23rd Jul 20142:28 pmRNSHolding(s) in Company
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4th Jun 20147:00 amRNSContract Extensions for MPRO5 worth over £200k
30th May 20145:35 pmRNSFinal Results and Notice of AGM
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20th Sep 20137:05 amRNSNew Contract Wins
20th Sep 20137:00 amRNSInterim Results
17th Sep 20137:00 amRNSContract Extension
23rd Aug 20132:20 pmRNSChange of responsibilities
28th Jun 20133:23 pmRNSResult of AGM
6th Jun 20137:00 amRNSFinal Accounts and AGM
23rd May 20137:00 amRNSThree New Contract Wins

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