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Press Releases

Interim Results

30/09/2008

Deal Group Media plc (AIM:DGM), the independent online marketing group, today announces its unaudited interim results for the six months ended 30 June 2008.

Financial Highlights

• Revenue increased by 72% to £6.69 million (H1 2007: £3.90 million)
• Gross Profits up by 54% to £2.06 million (H1 2007: £1.34 million)
• EBITDA* from continued operations showed a 39% reduction in loss to £0.34 million (H1 2007 £0.55 million) after a net investment in Asia Pacific expansion of £0.20 million (H1 2007 £0.16 million)

*Calculated as profit before interest, tax, amortisation, depreciation, share based payments and share of associated company loss

Operational Highlights

• Continued growth in revenue and gross profits from our core Australia operation
• First material revenues from the new satellite operations in India and Singapore
  These operations have delivered:
  
  • 16% of total revenue for H1 2008 (H1 2007: £ NIL) and 39% of revenue growth
  • 18% of total gross profit for H1 2008 (H1 2007: £ NIL) and 51% of gross profit growth
• Operating expenses increased predominantly through investment in the Asia Pacific operations and also through staff cost increases in the Australian operations
• Central costs reduced by 30% following the UK disposal and strong cost control
• Material working capital improvements achieved through improved focus on cash collection and associated processes
• Further evolution of the Singapore-based hub which services multiple operating businesses and centralises finance and human resources functions

Commenting on the results, Adrian Moss, Chief Executive Officer, said: "We are delighted with our achievements in Asia, to date. The growth and traction we have attained are a key and an exciting step in achieving growth and a return to profitability. We look forward to the future with confidence."

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