WILink plc Announces Preliminary Results for 2004; Strong Growth in Webcasting and North American Business Lead to 12.9% Increase in Operating Profit.RICHMOND, Va. -- WILink plc (LSE LSE - Language Sensitive Editor : WLK WLK We Love Katamari (game) WLK Windows Logo Key ), a worldwide provider of web-based communications solutions and online investor relations Investor relations The process by which the corporation communicates with its investors. services, announced preliminary unaudited results for the 12 months ended 31 December 2004: Strong growth in webcasting and North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. business offset by weak dollar but another year of record operating profit Operating profit (or loss) Revenue from a firm's regular activities less costs and expenses and before income deductions. operating profit See operating income. *, up 12.9%, despite losses in discontinued operation discontinued operation A segment of a business that has been abandoned or sold or for which plans for one or another of these actions have been approved. See also continuing operations. in Australia Options to raise new finance for acquisitions under consideration, including greater involvement of private equity in the ownership structure of the Company which may include taking the business private * excluding exceptional administrative expenses and amortisation GROUP HIGHLIGHTS Financial - UK GAAP UK GAAP United Kingdom Generally Accepted Accounting Principles --Operating loss of GBP GBP In currencies, this is the abbreviation for the British Pound. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 0.1m (2003: GBP 0.1m) --Loss per share of 11.4p (2003: 4.0p) --Cash balances healthy at GBP 3.1m (42p per share) --Current market value of GBP 1.3m for fixed asset investment held on balance sheet at cost of GBP 0.4m Note: UK GAAP measures include exceptional administrative expenses, goodwill amortisation, profit on disposal of fixed asset investment and loss on termination of operation Financial - Proforma --Year on year operating profits* increased by 12.9% despite GBP 359k total adverse impact of weak dollar and operating losses in discontinued Australian operation --North American revenues up 3.1 % (15.1% in constant currency) --North American operating profit* up 80.0% --European Operating profits* fall 9.7% primarily due to disappointing performance in Sweden --EPS* down 11.0% from 32.8p to 29.2p due, as anticipated, to an increased tax rate (which is expected to decrease in 2005) from 8.9% to 28.1% * Proforma operating profit excludes exceptional administrative expenses of GBP 225,468 (2003 - GBP Nil) and goodwill amortisation of GBP 2,786,734 (2003 - GBP 2,720,944). Proforma earnings per share excludes profit on disposal of fixed asset investment GBP 90,747 (2003 - GBP Nil) and loss on termination of operation GBP 108,756 (2003 - GBP Nil) as well as exceptional administrative expenses and goodwill Strategic --Vcall webcast and web conferencing revenues up 51.1% --Acquisition of Communicast spearheads expansion into new web events segments --Fee based revenues up 41.2% from GBP 1.70m to GBP 2.40m --Options to raise new finance for web-based acquisitions are under consideration, which may include taking the business private. However there can be no certainty that any offer for the Company will be made. Board Restructure- effective 1st April 2005 --Patrick Galleher, Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. , North America, becomes Chief Executive. --Peter Wakeham, previously Chief Executive, appointed Executive Chairman. --Nigel Wray, previously Chairman, leaves that role but remains a non-executive director Copies of this release, and a webcast presentation of these results is available on the WILink website www.wilink.com/presentations About WILink WILink plc (www.wilink.com) provides web-based communications solutions and online Investor Relations. Since 1989, WILink has helped clients such as Hewlett Packard, Deutsche Telecom and BP improve the effectiveness of their investor communications. WILink's services include PrecisionIR(TM) (www.precisionir.com) and PrecisionFM(TM) (www.precisionfm.com) investor-communication programs that enable publicly traded companies publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. and mutual funds to deliver compelling communications to a targeted audience of investors. WILink's Vcall(R) (www.Vcall.com) webcasting provides innovative technology and professional service that enables organizations to create compelling and influential web events. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion