It says as much about the sort of companies that list on the UK’s Alternative Investment Market (AIM) in our industry as to the actual companies themselves when it comes as a bit of a shock that one of them should actually make a profit.
Anyway on Monday, I-DESIGN GROUP PLC issued a Trading Update relating to the 12 months to 30 September 2011.
In that trading update the Directors were pleased to announce that i-design is expected to report a small maiden profit before taxation for the financial year.
Evidently this is ahead of current market expectations of a loss before taxation.
Sales, anticipated at approximately GBP 3.5m, are also ahead of market forecasts as is the cash and cash equivalents position which is expected to be approximately GBP 900,000.
The results, we are told, were supported by the signing of two new major ATM network owners, Barclays in May 2011 and YourCash Limited, the largest independent supplier of ATM solutions in Europe, way back in October 2010.
Full year results will be announced in early December. I-DESIGN GROUP PLC is of course most well known for atmAd.