Results Round-up
Shares in Audioboom plunged as the digital audio company widened its first half loss.
Audioboom Group
237.50p
13:59 26/04/24
Financial Services
13,972.66
14:25 26/04/24
FTSE AIM All-Share
755.21
14:25 26/04/24
Media
11,788.51
14:25 26/04/24
Time Finance
40.30p
13:49 26/04/24
Shares in the AIM listed stock fell 9.64% to 4.97p at 1144 BST.
Audioboom’s first half loss increased to £2.9m, compared with the same period last year of £0.75m.
Revenues for the past six months were minimal at £46,000, compared with £24,000 for the five months ended 31 May 2014.
Audioboom said the increase in underlying losses reflected business's growth strategy and increased marketing activities, together with the additional corporate and governance costs of being listed on AIM.
Finance firm 1pm announced a maiden dividend as it reported a 20% hike in pre-tax profits for the year.
The AIM listed company, which lends money to SMEs, posted pre-tax up a fifth to £1.62m, from £1.35m the year before.
Revenues were up 31% to £5.5m from £4.2m, off a record 49% increase in new business to a record £16.1m, from £10.8m.
1pm’s proposed maiden dividend was 0.35p per share.