logo-loader
Milestone Group PLC

Milestone Group focused on revenue generation

financial_350_54eed19742d2c.jpg

Digital media firm Milestone (LON:MSG) said each of its businesses is showing revenue potential as it posted a pre-tax loss in the year to end September, 2014.

Chief executive and interim chairman Deborah White told investors: "We are pleased with the developments during the period and particularly since the period end.

"Each of the separate business offerings has shown the beginnings of their revenue potential with growing interest being shown from an ever-expanding customer base and further new revenues visible in the near future."

The Passion Project, aimed at combating youth unemployment, officially launched on December 10 last year and the potential for it to be expanded has been proved, said White.

It has now started to attract fee paying corporate members to its network. They can access Milestone's range of products and services to help support and deliver their Corporate Social Responsibility (CSR) activities.

The signing up of fee paying members as well as the first sponsor - trading firm CWM FX - unveiled last month,  demonstrates the immediate commercial viability of the project, said the group.

For the 12 months to end September, the loss before tax was £1.071mln compared to £980,570 in 2013.

Milestone said it continues to carefully manage its working capital position and will need to raise further monies through subscriptions for new shares in the short term to continue to support activities until they are fully revenue generating.

The strategy is to seek to raise funds on a basis that is fair to all, it said.

Quick facts: Milestone Group PLC

Price: £0.00

Market: AIM
Market Cap: £0.00
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Full interview: Personal Group confident in long term outlook after 'solid...

Deborah Frost, chief executive of Personal Group Holdings PLC (LON:PGH), talks Proactive London's Andrew Scott through the firm's interim results to June 2019. The company, which provides companies with employee benefits such as insurance and salary sacrifice programmes, said trading in the...

8 hours, 46 minutes ago

2 min read