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Media Square
- BY: Andrew Hore |
- POSTED: 01/03/2011 |
Media Square has continued its return to profitability in the second half of the year to February 2011.
Second half revenues are similar to those in the first half but there has been a modest improvement in profitability. If arken, which has just been sold, is stripped out of the 2010-11 results they will be better than expected.
In the six months to August 2010, revenues rose from £23.5m to £25.6m, while an operating loss of £1.25m before exceptionals was turned into a profit of £651,000.
Chief executive Peter Reid says that there is more margin improvement to come. The main focus is on reducing the company’s debt.
At 6.5p a share, Media Square is valued at £2.35m.
The full year results will be published in May.
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