28-11-2014, 00:37
If as 42% decrease in operating losses are the worst you come up with them then I'd suggest the overall picture isn't that bad.
Financial Highlights
· Group Revenue increased by 32% to £25.2m (2013: £19.1m)
· Retail revenue increased by 375% to £7.6m (2013: £1.6m)
· Sponsorship and advertising revenues rose to £1.5m (2013: £0.8; +79%)
· 42% reduction in operating losses to £8.3m (2013: £14.4m)
· Other Operating Income rose from £1.7m to £2.1m (+22%)
· Successful Open Offer raising £3.13m (gross) provided valuable additional working capital
· Significantly reduced cost base across the Group
Everything going in the right direction.
Financial Highlights
· Group Revenue increased by 32% to £25.2m (2013: £19.1m)
· Retail revenue increased by 375% to £7.6m (2013: £1.6m)
· Sponsorship and advertising revenues rose to £1.5m (2013: £0.8; +79%)
· 42% reduction in operating losses to £8.3m (2013: £14.4m)
· Other Operating Income rose from £1.7m to £2.1m (+22%)
· Successful Open Offer raising £3.13m (gross) provided valuable additional working capital
· Significantly reduced cost base across the Group
Everything going in the right direction.