News blog
MobilityOne Ltd
- BY: Andrew Hore |
- POSTED: 17/02/2011 |
MobilityOne Ltd, which provides e-commerce infrastructure services and technology, says that revenues increased 65% to £22.6m in 2010.
Malaysia-based MobilityOne says that most of the growth came in the fourth quarter. The loss fell from £917,000 to £236,000, although the loss in the second half of 2010 was down to £32,000.
International remittance revenues are becoming more significant but mobile top-ups remain the main revenue source. There was a contribution from the three-year hardware supply contract with Telekom Malaysia Berhad, which is worth a total of £4.8m.
That contract will contribute more in 2011, as will the international remittance business. The Indonesian business has won additional contracts. Mobile phone airtime revenues will continue to grow.
At 6.875p a share, up 0.875p, MobilityOne is valued at £6.43m.
The full year figures should be released early in May.
Download the February edition of AIM Journal at http://www.hubinvest.com/AIMPDFFebruary2011_17.pdf
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