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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Global Market | LSE:GMC | London | Ordinary Share | KYG3927E1145 | ORD USD0.0002 (DI) |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 50.00 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From May 2019 to May 2024
TIDMGMC
RNS Number : 1468Y
Global Market Group Ltd
21 January 2014
21 January 2014
Global Market Group Limited
("Global Market", "the Company" or "GMC")
TRADING UPDATE
Global Market (AIM: GMC), a leading business-to-business e-commerce service provider dedicated to connecting manufacturers in China with buyers from all over the world, provides an update on trading following the end of its financial year. Whilst the Company's post close work on the 2013 financials has just started, GMC announces it returned to a cash generative position during the final quarter of 2013. The Company's cash reserves increased during H2 to around US$17 million at 31 December 2013, up from US$16.2 million as at 30 June 2013.
The Company has made further progress in recruiting companies to its Free GMC scheme,successfully meeting its registration target of 30,000 Free GMC members by the end of the period. Global Market also achieved a soft launch of its M2C service in November.
As reported in the Company's Interim Results, the adjusted marketing strategy and the planned investment in the Free GMC programme impacted revenues from the core business during the year, and the Company is expecting to record an operating loss for the year. Whilst trading conditions remained difficult during the second half of the year the board is pleased with the early progress that has been made in implementing GMC's strategy for building the platform.
The Company is scheduling release of its financial results for the year ended 31 December 2013 during May 2014.
For further information, please visit www.globalmarket.com or contact:
David Ling/ Cheandy Hu/ Mophy Fan Global Market Group Limited: +86 (20) 8600 2299
Philip Secrett/ Maureen Tai/ Jen Clarke Grant Thornton UK LLP, Nominated Adviser: +44 (0)20 7383 5100
Richard Baty/ Paul Gillam Westhouse Securities Limited, Broker: +44 (0)20 7601 6100
Allan Piper/ Jiang Lei First City Public Relations: +852 2854 2666
Simon Hudson/Kelsey Traynor Tavistock Communications: +44 (0) 20 7920 3150
This information is provided by RNS
The company news service from the London Stock Exchange
END
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