News blog

Totally

• BY: Andrew Hore |
• POSTED: 25/09/2012 |

Health-related digital marketing services provider Totally reported an interim profit but this was due to the £106,000 gain on the sale of the Jewish News.

The focus is on the health business started during the first half of 2012 and the digital marketing division. The initial revenues from health were £203,000 and other digital revenues slipped from £435,000 to £410,000.

Overall group revenues grew from £899,000 to £1.19m, while a loss of £5,000 was turned into a profit of £52,000. There would have been a loss without the disposal gain.

The health business won a £1.6m contract from NHS Midlands and East in February. Invoicing commenced in May and should be completed over a 12 month period.

The balance sheet is weak with net debt of £243,000 and net liabilities of £404,000 at the end of June 2012.

At 1.52p a share, Totally is valued at £1.4m.

Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFSeptember2012_36.pdf