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Pre-close statement

25 Mar 2010 07:00

RNS Number : 1430J
Ten Alps PLC
25 March 2010
 



25 March 2010

Ten Alps Plc ('Ten Alps' or the 'Company')

Pre-close statement

Multimedia factual producer Ten Alps Plc (AIM: TAL) provides the following pre-close statement for the financial year ending 31 March 2010.

The Directors anticipate that Ten Alps will deliver aprofit before tax of approximately £3.5m, an increase on the prior year of 6% (2009: £3.3m), in line with current market expectations.

The general recessionary environment during the period affected businesses exposed to advertising, Ten Alps included. The Directors therefore expect to report, subject to audit, revenue for the period of approximately £68m (2009: £80.2m) and EBITDA of approximately £5.4m (2009: £5.9m).

Ten Alps has successfully improved its margins through reduced product costs, notably, a continued move to online services and digital distribution of the product range.

The measures taken to improve the Company's return on sales will hold the business in good stead as it enters its new financial year.

In recent trading, weekly advertising sales run rates have improved within the Communications division, and the Content division has achieved its expected order book for TV production which presents a positive, if early, indication for 2010-11.

The Directors believe that the Company's multimedia product proposition is increasingly required by clients across all sectors, and that the assets of Ten Alps remain independently well-positioned in each of their markets.

Preliminary results for the financial year to 31 March 2010 will be released on Tuesday 8 June.

www.tenalps.com

Contact

Ten Alps plc Tel: +44 (0) 20 7878 2311Alex Connock, CEO c/o Moira McManus www.tenalps.com/investors

Grant Thornton, Nominated Adviser Tel: +44 (0) 20 7383 5100 Gerry Beaney / Robert Beenstock www.grantthornton.co.uk

Canaccord Adams, Broker Tel: +44 (0) 20 7050 6500 Mark Williams / Kit Stephenson www.canaccordadams.com

Pelham Bell Potinger Tel: +44 (0) 20 7337 1500Alex Walters / Francesca Tuckettwww.pelhampr.com

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
TSTUSABRRKAOUAR
Date   Source Headline
26th Jun 20127:00 amRNSAudited Preliminary Results
1st May 20122:45 pmRNSHolding(s) in Company
30th Apr 20121:30 pmRNSHolding(s) in Company
27th Apr 20124:30 pmRNSHolding(s) in Company
27th Apr 20124:29 pmRNSHolding(s) in Company
25th Apr 201211:00 amRNSResult of EGM
2nd Apr 20127:00 amRNSProposed fundraising and Notice of EGM
9th Mar 201210:18 amRNSDirectorate Change
15th Dec 20113:30 pmRNSInterim results
5th Sep 20112:50 pmRNSResult of AGM
8th Jul 20112:05 pmRNSAppointment of Creative Director - Ten Alps TV
8th Jul 20112:00 pmRNSPreliminary Results and Board Change
3rd Jun 20117:30 amRNSLaunch of Schoolsworld TV
4th May 20117:00 amRNSUpdate on Teachers TV and launch of Schoolsworld
14th Feb 20112:17 pmRNSHolding in Company
20th Jan 201110:35 amRNSHolding(s) in Company
14th Jan 20114:11 pmRNSResult of EGM and Board Change
21st Dec 20104:30 pmRNSInterim Results
21st Dec 20104:30 pmRNSPlacing and Debt Refinancing
15th Oct 20107:30 amRNSTrading Update
5th Oct 20101:40 pmRNSHolding(s) in Company
25th Aug 201011:07 amRNSResult of AGM
30th Jul 20104:00 pmRNSAnnual Report and Accounts and Notice of AGM
8th Jun 20107:48 amRNSLaunch of Beijing operation
8th Jun 20107:00 amRNSFinal Results
7th Jun 20101:55 pmRNSHolding(s) in Company
11th May 20103:30 pmRNSTen Alps wins two Gold Sony radio awards
10th May 20107:05 amRNSAcquisition consolidation and new contract win
10th May 20107:00 amRNSAcquisition of Grove House
15th Apr 20102:05 pmRNSHolding(s) in Company
1st Apr 20107:00 amRNSIssue of Equity
25th Mar 20107:00 amRNSPre-close statement
15th Feb 201010:10 amRNSNew Employee Incentive Arrangements
9th Feb 20106:26 pmRNSKent TV Update
5th Feb 20107:00 amRNSTen Alps announces Teachers TV in Thailand
3rd Feb 20107:00 amRNSTen Alps to launch online science channel
1st Feb 20107:00 amRNSAcquisition and expansion of multiplatform model
14th Dec 20097:00 amRNSInterim Results
19th Nov 20091:43 pmRNSTen Alps forms consortium bid
12th Nov 20097:00 amRNSNotice of Interim Results
22nd Oct 20096:01 pmRNSHolding(s) in Company
13th Oct 20097:00 amRNSTen Alps consolidates business units
24th Sep 20097:00 amRNSTAL Launches Innovative Online Business Portal
18th Sep 200911:00 amRNSTen Alps join forces with the Belfast Telegraph
15th Sep 20097:00 amRNSNew Business wins for the Communications Division
3rd Sep 200911:04 amRNSResult of AGM
3rd Sep 200910:30 amRNSAGM Statement
3rd Sep 20097:00 amRNSDistribution deal signed with BBC Worldwide
26th Aug 20097:00 amRNSTen Alps Asia Launched in Singapore
7th Aug 20092:09 pmRNSAnnual Report and Accounts and Notice of AGM

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