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Cellcast plc is a leading provider of participatory television programming and interactive telephony technology for the fast growing cross-platform digital entertainment sector.

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Cellcast News

Final results for year ended 31 December 2012

21 May 2013

The Board of Cellcast (AIM: CLTV) is pleased to announce its financial results for the year ended 31 December 2012. A full copy of the annual report and accounts, along with a notice of the Group's annual general meeting, to be held at 150 Great Portland Street, London W1W 6QD on 26 June 2013 at 11.00 am, has been posted to shareholders and will shortly be available from the Group's website, www.cellcast.tv.

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Highlights

  • Revenues reduced to £19.2 million (2011: £20.9million)
  • Gross profit down to £1.4 million (2011: £1.7million)
  • Operating loss of £0.5 million (2011: operating profit of £0.02 million)
  • Loss per share of 0.1p (2011: earnings per share of 0.4p)
  • Completion of disposal of Company's interest in Cellcast Asia Holdings
  • Successful market trails in Latin America and Africa
  • New platform introduced to drive international business development
  • Continued focus on cost cutting and expansion into international markets

 

Andrew Wilson, Chief executive Officer of Cellcast, commented:

"Last year saw a continuation of the drop in demand that we experienced in the last half of 2011. This impacted our revenues and focused our energies on streamlining our cost base in the UK.

In the course of the year we successfully completed the launch of a new technical platform which we will use to drive the business into new sectors and geographies.

Whilst we remain the leader in our sector, our results evidence the saturation of the UK market. Looking forward the Group's key focus will be on international expansion."

 

For further information:

Cellcast plc
Andrew Wilson, CEO Tel: +44 (0) 20 7190 0300
andrew@cellcast.tv www.cellcast.tv
   
Allenby Capital Limited (Nominate Adviser)
Nick Naylor / James Reeve Tel: +44 (0) 20 3328 5656