Independent corporate finance and investment advisory firm, specialising in smaller quoted and larger unquoted companies
30 September 2008
Highlights for the period
Revenue for the six months to 30 June 2008 was £6.7 million, up 4.8% on the same period in 2007
Operating profit of £615,000, including £1.2 million gain on the disposal of two of the Group’s Sky channels, compared to a loss of £1.5 million in the same period in 2007
General and administrative expenses reduced by 30%
Post period highlights
The Group is following a conservative growth strategy, leveraging its extensive portfolio of interactive content and multi-platform technology assets
Internationally, the Group continues to work with local partners rather than directly investing in media or airtime purchases itself
The Group remains uncertain of the impact of OFCOM proposals to tighten the regulation of UK participation-TV services and awaits completion of the public consultation process in December 2008
New opportunities continue to arise from the sustained growth of 3G, IPTV, enhanced broadband, video mobile and wireless broadband services in the UK
Julian Paul, Chairman of Cellcast plc, commented:
“The Group is now a substantially UK-based business and is committed to effective management of its cost base in the current uncertain economic environment while being alert to continuing opportunities among new media services.”