One Media iP Group PLC - Iver Heath, Buckinghamshire-based digital music rights acquirer, publisher and distributor - Posts higher annual revenue for the financial year that ended October 31. Revenue climbs to £4.4 million from £4.0 million.
Pretax profit falls to £720,797 from £734,043. Reason is an asset disposal cost of £93,939 compared to none a year ago.
Declares a final dividend of 0.055 pence per share, unchanged from a year ago.
Chief Executive Officer Michael Infante expects a positive development in the current year. ‘The outlook for our industry is extremely encouraging, with growth accelerating and technology advances providing more and more opportunities for us to place our assets and maximise royalties. Against this and with a strong balance sheet we’re looking to the future with great optimism,’ he says.
Current stock price: 6.94 pence, up 9.2% on Friday
12-month change: down 11%
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