Trading Update For @atmAd
Adrian J Cotterill, Editor-in-Chief
i-design Group Plc, the owners of atmAd issued a trading update Monday via RNS (RNS Number : 3457B) for the first six months of the current financial year ending 30 September 2012.
Revenues for the first half are expected to be ahead of the same period last year and the Group is anticipated to deliver a small profit before tax, having moved into maiden profits in the second half of the last financial year. Net cash is expected to stand at c. £0.81m at 31 March 2012.
The RNS stated that first half results reflect the benefit of i-design’s first contract with a Canadian bank (secured via IBM, their channel partner AND was also an early win for the Group’s next generation software, joono).
Media sales are expected to make a similar contribution to the first half of last year and the group, we are told, is encouraged that media sales bookings for the year are ahead of bookings at the same point last year.