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Bonhill Group PLC - London-based media company specialising in business information, events and data analytics - Posts a narrowed pretax loss of £1.8 million for the six months to June 30, from £2.1 million a year earlier, as revenue climbs 10% to £6.1 million from £5.5 million due to ‘22 live events compared to none last year’. Operating costs amount to £5.1 million, down 3.8% from £5.4 million. Adjusted loss before interest, tax, depreciation and amortisation reduced to £542,000 from £895,000 a year earlier.
Chief Executive Officer Patrick Ponsford says: ‘I'm pleased to announce a robust first half of the year. As at September 5, the group had booked 71% in the US and 79% in the UK & Asia of its full-year revenue target; compared to 60% and 77% respectively at the same time last year.’
Looking ahead, Bonhill expects to see a ‘significant recovery in Ebitda following its sale of the Business Solutions & Governance division. Cash at June 30 amounts to £1.2 million, compared to £1.3 million a year ago.
Current stock price: flat at 5.00 pence
12-month change: down 54%
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