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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Aeorema Communications Plc | LSE:AEO | London | Ordinary Share | GB00B4QHH456 | ORD 12.5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 61.50 | 58.00 | 65.00 | 61.50 | 61.50 | 61.50 | 7,828 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Television Broadcast Station | 20.23M | 757k | 0.0794 | 7.75 | 5.87M |
TIDMAEO
RNS Number : 0010N
Aeorema Communications Plc
26 January 2016
Aeorema Communications plc / Index: AIM / Epic: AEO / Sector: Media
26 January 2016
Aeorema Communications plc ('Aeorema' or 'the Company')
Interim Results
Aeorema Communications plc, the AIM-traded live events agency, announces its results for the six months ended 31 December 2015.
Overview
-- Pre-tax profits of GBP80,476 on a turnover of GBP1,591,114 -- Stronger second half anticipated, consistent with previous years -- Robust cash position of GBP1,372,589
Chairman's Statement
As a provider of live events, we continue to focus on developing a strong pipeline of future revenue opportunities, whilst improving operational efficiency under a single brand, Cheerful Twentyfirst.
As we stated in our Annual Accounts, the marketplace remains competitive and the results for the first six months of the current trading year reflect this environment. Notwithstanding this, given the market position of the Cheerful Twentyfirst brand, we continue to believe that the second half of the year to 30 June 2016 should be stronger than the first half. The efforts of our management teams continue to be directed to delivering the pipeline of opportunities that the Company currently has for the second half.
Our strategy has been to focus on what is within our power to manage or influence and to create a resilient company that is well positioned for growth once the economy inevitably picks up again. We are therefore keeping costs down, and doing what we do best: innovate. This has been the lifeblood of the Company since its inception 20 years ago and is the reason business and industry leaders turn to us.
We are pleased to be working with some new clients but existing clients have, in some cases, lowered budgets or cancelled events. The new website is opening up opportunities and we are embracing social media as a marketing tool, with good results.
We have a robust balance sheet with GBP1,372,589 cash in the bank and revenue generation of GBP1,591,114. During the six months we achieved a pre-tax profit of GBP80,476. Operational costs were GBP715,202.
Overall, the team deserve our thanks for their achievements during a tough period. We are encouraged both by our business opportunities and the start we have made to the current year but, given the economic environment, we remain cautious in respect of profit growth.
M Hale
Chairman
25 January 2016
AEOREMA COMMUNICATIONS PLC
CONDENSED CONSOLIDATED INCOME STATEMENT
For the period ended 31 December 2015
Unaudited Unaudited Audited 6 Months 6 Months Year to 31 to 31 to December December 30 June 2015 2014 2015 Notes GBP GBP GBP Continuing Operations Revenue 1,591,114 1,658,315 4,934,560 Cost of sales (795,832) (855,113) (3,017,634) Gross profit 795,282 803,202 1,916,926 Administrative expenses (715,202) (702,238) (1,534,471) Operating profit 80,080 100,964 382,455 Finance income 396 352 761 Profit before taxation 80,476 101,316 383,216 Taxation 5 (16,565) (6,664) (67,979) Profit for the period from continuing operations 63,911 94,652 315,237 Basic and diluted earnings per share from continuing operations Basic (pence) 6 0.70616 1.06751 3.51904 Diluted (pence) 6 0.68350 1.01227 3.37134 ========== ========== ============
There are no other comprehensive income items
AEOREMA COMMUNICATIONS PLC
CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION
For the period ended 31 December 2015
Unaudited Unaudited Audited 6 Months 6 Months Year to 31 to 31 to December December 30 June 2015 2014 2015 GBP GBP GBP Non-current assets Intangible assets 365,154 365,154 365,154 Property, plant and equipment 99,560 57,008 65,135 Deferred taxation - 17,481 6,404 464,714 439,643 436,693 Current assets Inventories - 2,674 - Trade and other receivables 747,770 939,962 1,352,398 Cash and cash equivalents 1,372,589 1,219,527 1,558,453 ---------- ---------- ------------ 2,120,359 2,162,163 2,910,851 Total assets 2,585,073 2,601,806 3,347,544 ========== ========== ============ Current liabilities Trade and other payables (896,868) (945,796) (1,463,504) ---------- ---------- ------------ (896,868) (945,796) (1,463,504) Non-current liabilities Deferred taxation (4,322) - - ---------- ---------- ------------ (4,322) - - Net assets 1,683,883 1,656,010 1,884,040 ========== ========== ============ Equity attributable to equity holder: Share capital 1,131,313 1,131,313 1,131,313 Share premium 7,063 7,063 7,063 Merger reserve 16,650 16,650 16,650 Share based payment - 118,411 - reserve Capital contribution reserve 257,812 257,812 257,812 Retained earnings 271,045 124,761 471,202 Total equity 1,683,883 1,656,010 1,884,040 ========== ========== ============
AEOREMA COMMUNICATIONS PLC
CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
For the period ended 31 December 2015
Share Share Merger Other Share-based Capital Retained Total capital Premium reserve reserve payment contribution earnings equity reserve reserve GBP GBP GBP GBP GBP GBP GBP GBP At 1 July 2014 1,079,688 - 16,650 19,500 110,972 257,812 482,609 1,967,231 Issue of shares 51,625 7,063 - (19,500) - - - 39,188 Payment of dividends - - - - - (452,500) (452,500) Comprehensive income for the period - - - - - 94,652 94,652 Share based payment - - - 7,439 - - 7,439 At 31 December 2014 1,131,313 7,063 16,650 - 118,411 257,812 124,761 1,656,010 At 1 January 2015 1,131,313 7,063 16,650 - 118,411 257,812 124,761 1,656,010 Comprehensive income for the period - - - - - - 220,585 220,585 Share based payment - - - - 7,445 - - 7,445 Transfer - - - - (125,856) - 125,856 - At 30 June 2015 1,131,313 7,063 16,650 - - 257,812 471,202 1,884,040 At 1 July 2015 1,131,313 7,063 16,650 - - 257,812 471,202 1,884,040 Payment of dividends - - - - - - (271,515) (271,515) Comprehensive income for the period - - - - - - 63,911 63,911 Share based payment - - - - - - 7,447 7,447 At 31 December 2015 1,131,313 7,063 16,650 - - 257,812 271,045 1,683,883
AEOREMA COMMUNICATIONS PLC
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
January 26, 2016 05:00 ET (10:00 GMT)
Isabel de Salis/Megan Dennison St Brides Partners Tel: 020 7236 1177
This information is provided by RNS
The company news service from the London Stock Exchange
END
IR AKADPCBKKODB
(END) Dow Jones Newswires
January 26, 2016 05:00 ET (10:00 GMT)
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