Vision Media Group International | News
15 May 2007 Unaudited Preliminary Results
ScreenFX plc ( AIM:SFX), the digital advertising and communications specialist, announces its unaudited Preliminary Results for the year ended 31 December 2006 .
Highlights
- Turnover up 244% to £1.85 million (2005: £0.54 million)
- Operating losses of £6.6 million (2005: £3.5 million)
- £9.1 million, before costs, of new capital successfully raised in the year
- Number of shopping malls up to 26 as at December 2006 (2005: 16)
Results Summary
- Indication of interest signed with major advertising player regarding possible acquisition of the retail (Malls) business unit
- Significant contract secured with Land Securities for 13 super malls
- Current portfolio includes 40 'super malls' which yields a footfall of approximately 750 million consumers per annum
Commenting on the results, Mike Cottman, Executive Chairman, said: " Whilst 2006 has been a challenging year financially, it has seen the Group consolidate and strengthen its position as the leading provider of out-of-home digital media advertising and information. The Group has invested significantly in additional overhead in its core business, MallFX, building a high value network and an infrastructure capable of delivering long term growth. At the same time the Group has invested further in developing new channel activities in both the transport and health sectors.
"Looking forward, 2007 sees ScreenFX uniquely positioned with our TrainFX division to exploit the major and as yet unfulfilled commercial opportunities within the transport sector that our TrainFX brand addresses. In the era of an increasingly fragmented advertising industry, the emergence of a major new advertising and communications channel with a high profile, captive audience represents an extremely exciting opportunity for the Group to embrace. "
The full results are available to download in PDF format.
For further information:
| ScreenFX plc | |
| Mike Cottman, Executive Chairman | Tel: +44 (0) 161 428 5544 |
| mikec@screenfx.com | www.screenfxplc.com |
| Seymour Pierce Limited | |
| Stuart Lane / Sarah Jacobs, Corporate Finance | Tel: +44 (0) 20 7107 8000 |
| sarahjacobs@seymourpierce.com | www.seymourpierce.com |
Media enquiries:
| Abchurch | |
| Henry Harrison-Topham / Gareth Mead | Tel: +44 (0) 20 7398 7700 |
| henry.ht@abchurch-group.com | www.abchurch-group.com |
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