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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 GBP4.4 million from GBP4.0 million.
Pretax profit falls to GBP720,797 from GBP734,043. Reason is an asset disposal cost of GBP93,939 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%
By Tom Budszus; tombudszus@alliancenews.com
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