Less Ads, More Data, More Tools Register for FREE

Pin to quick picksTNG.L Regulatory News (TNG)

  • There is currently no data for TNG

Pre-close trading update

15 Mar 2011 07:00

RNS Number : 9313C
Tangent Communications PLC
15 March 2011
 



Tangent Communications plc ("Tangent" or the "Group")

Pre-close Trading Update

Tangent Communications plc, the integrator of creative technology and marketing strategy, provides an update on trading in advance of its preliminary results announcement for the year ended 28th February 2011, which is expected to be published in May.

Tangent is pleased to announce that full year revenues, profits and margin have increased significantly over the prior year, and expects to report pre-tax profits before exceptional items ahead of current expectations.

The second half of the 2010-11 financial year has progressed satisfactorily with profits ahead of the same period in the prior year, albeit not at the rate of the strong first half which traditionally sees greater activity than in the second half.

The Group has provided in 2010-11 for an exceptional bad debt experienced by the Melbourne office of over £100,000 as a result of the entry into administration of Red Group Retail, which will reduce reported profits by a similar amount. The Group will enter into discussions with the administrator in order to try and recover this amount.

Current trading in Ravensworth, Tangent's digital print centre, continues to perform well with revenues from estate agents up over 10% year on year through January and February 2011. The direct and digital marketing brands Snowball and Tangent One continue to perform strongly. Key accounts continue to develop; expanding their relationship with Tangent and using its broader offering across data, software and services.

Significantly, we have launched our service for Carlsberg UK and have been appointed to roll out across Carlsberg Europe with planned installations for Denmark, Sweden and Switzerland in 2011.

The outlook for the business is positive although Tangent's underlying markets remain dependent on the strength of the underlying economic recovery.

 

For further information, please contact:

Tangent Communications plc

Timothy Green 020 7462 6100

Collins Stewart

Adrian Hadden / Stewart Wallace 020 7523 8350

About the Company:

Tangent is a leading integrator of technology and marketing strategy. Taobase, our pioneering technology environment drives creativity and strategy to be applied at scale across multiple communications channels. This platform supports the Tangent business through e-commerce, mrm (marketing resource management), email, mobile and print.

Tangent employs 230 people across four locations in London, Newcastle, Cheltenham and Melbourne and is traded on AIM (AIM: TNG). For more information please visit www.tangentplc.com

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
TSTUSOARAAAOAUR
Date   Source Headline
18th Oct 200610:05 amRNSEPT Disclosure
17th Oct 20067:49 amRNSPress Speculation
13th Sep 200610:58 amRNSStatement re: Rebranding
17th May 20063:31 pmRNSHolding(s) in Company
16th May 20067:00 amRNSFinal Results
12th May 20063:27 pmRNSFinal Results Date
5th May 200612:28 pmRNSHolding(s) in Company
27th Apr 20061:54 pmRNS150 percent page growth
29th Mar 200612:21 pmRNSPoint of Sale Applications
10th Mar 200610:05 amRNSTangent wins bid
28th Feb 20063:58 pmRNSRe. Threshers
22nd Feb 20062:01 pmRNSOn-line Marketing System
26th Jan 20062:54 pmRNSHolding(s) in Company
2nd Dec 20053:31 pmRNSHolding(s) in Company
29th Nov 20057:00 amRNSInterim Results
21st Nov 20057:00 amRNSNotice of Results
28th Sep 20053:30 pmRNSGrant of Share Options
15th Sep 200510:40 amRNSHolding(s) in Company
31st Aug 20059:24 amRNSHolding(s) in Company
17th Aug 200510:30 amRNSDirectorate Change
17th Aug 20057:00 amRNSDirectorate Change
25th Jul 200512:28 pmRNSHolding(s) in Company
15th Jul 20053:10 pmRNSHolding(s) in Company
15th Jul 20053:09 pmRNSHolding(s) in Company
12th Jul 20058:53 amRNSChange of Name
11th Jul 200511:20 amRNSEGM Statement
27th Jun 20052:17 pmRNSSchedule 1 - Documedia
16th Jun 20057:00 amRNSProposed Acquisition
25th May 200511:43 amRNSHolding(s) in Company
16th May 200511:59 amRNSFinal Results
11th May 200510:51 amRNSAppointment of Adviser
1st Feb 200512:19 pmRNSDirectorate Change

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.