DCD Media swings to a small profit
DCD Media
100.00p
15:59 23/06/22
TV distribution and production group DCD Media swung to a profit in 2019 but said it had experienced a "quiet first quarter" so far in 2020.
Media
11,720.39
16:25 19/04/24
DCD swung from an operating loss of £70,000 to a profit of £20,000 for the year ended 31 December, while gross profits ticked up 8.5% to £1.78m. Revenues surged 27.3% to £8.98m.
Net cash fell to £1.59m from £2.28m as direct costs shot up 33% to £7.2m and administrative costs increased 3% year-on-year.
While the AIM-listed business said it has had "a steady start" to 2020, DCD stated that it had witnessed a quiet first quarter but noted that this has tended to be the case throughout the company's history.
As of 1120 GMT, DCD shares had slumped 11.11% to 200p.