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Media Centre

Press Releases

Interim Results

26/09/2007

Deal Group Media plc, a leading online media-marketing Group, today announces its Interim Results for the six months ended 30 June 2007.

Financial

• Revenue for the six months ended 30 June 2007 was £9.8 million (H1 2006: £12.8 million)
• Operating Loss of £1.4 million (H1 2006: Loss £0.69 million)
• EBITDA* for the period was a Loss of £952,000 as against a Loss of £289,000 for the previous year
• Net investment in Asia Pacific region in half year of £160,000
• Successful placing of £850,000 in August 2007 to provide working capital and enable the continued expansion strategy in Asia Pacific

* Calculated as profit before interest, tax, amortisation, depreciation or share based payments

Operational

• Successful launch of regional offices in Singapore and India with initial sales building
• Executive Board now complete and supported by highly skilled senior management team

Commenting on the results, Adrian Moss, Chief Executive, said: "We have made considerable progress in the first six months in the Asia Pacific region and we are now well positioned to take advantage of the significant opportunities in these territories. In the first quarter the UK operations have performed below potential due to increased competition. We are confident that the Group will return to profitability in 2008."

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