1st Nov 2006 07:00
Tinopolis PLC01 November 2006 1st November 2006 Tinopolis plc ("the Company") Pre-Close Statement and Change of Advisor Tinopolis, one of the UK's largest independent producers of new media and TVprogramming, issues the following trading update for the twelve months ended 30September 2006. The Directors are pleased to report that the Company continues to experiencestrong trading conditions and has made solid progress in meeting its objectivesfor the year. The integration of The Television Corporation into the group hasproceeded well with little disruption to the Company's other operations. As a result, the Directors expect to report results in line with marketexpectations, with a 351% increase in revenues from continuing operations to£47.0m, compared with the same period to September 2005. Sales for thepre-acquisition business also grew strongly and were 15% higher than prior year. With improving revenue visibility in the Group, the directors view the outlookfor the current year with confidence Tinopolis will announce its preliminary results on 12th December 2006. Change of Adviser Tinopolis plc is pleased to announce that it has appointed Investecas Nominated Adviser & Broker to the Company with immediate effect. Notes to Editors The Tinopolis Group is one of the United Kingdom's leading independenttelevision production companies. Established in 1989 and based in Llanelli, thecompany has recently completed the acquisition of The Television Corporation,owners of Sunset + Vine, Mentorn, Hawk-eye and RedBack Films. Tinopolis is nowranked as Britain's sixth largest independent television producer. Tinopolis is also one of Britain's leading new media producers. The companyproduces a range of interactive, training and education materials for clientsincluding the Ministry of Defence, the University for Industry, the WDA,Scottish Enterprise, the BBC and ACCAC in addition to other government andpublic authorities in the UK and corporate organisations worldwide. For further information, please contact : Tinopolis Plc. 01554 880880Ron Jones, Executive ChairmanArwel Rees, Managing Director Jeremy McKeown , Investec 020 597 5067 Mantra public relations 020 7907 7800Lawrence Dore / Nick Bishop,[email protected] / [email protected] This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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