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Press Releases

Final Results

18/04/2008

Deal Group Media plc, the independent online marketing group, today announces its final results for the year ended 31 December 2007.

Highlights

• First full year results reported under IFRS representing the Group’s continuing business only.  The residual holding in the UK business has been classified as an associated undertaking and treated as discontinued operations for both 2007 and 2006
• Turnover for the continuing operations was £9.4 million an increase of 45% (2006: £6.5 million)
• Gross Profit for the year of £2.9 million (2006: £2.3 million)
• Post tax loss for the year from continuing operations was £6.9 million (2006: £3.8 million) after accounting for a loss on disposal of the UK of £4.8 million
• Continued growth in our Australian operation with sales increasing by 49% to £8.5 million
• Increased foothold in the evolving digital advertising sector in the Asia Pacific region with several key client wins and strategic relationships
• Successful sale of 51% interest in the Group’s UK operation raising cash of £1.5 million

Commenting on the results, Adrian Moss, Chief Executive, said: “I am pleased with the progress of DGM’s stated strategy to focus on the Asia Pacific region.  This can be demonstrated by the continued growth and evolution of our Australian business and in Singapore with winning of several important contracts in early 2008. I expect our performance will continue to strengthen in 2008 following the sale of the controlling interest of the UK business and I am excited about our prospects.”

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