Quantcast
Channel: Proactiveinvestors Australia
Viewing all articles
Browse latest Browse all 20

Milestone Group ready for new revenues and sustainable growth

0
0

Milestone Group (LON:MSG) is now ready for new revenues and sustainable growth, says chief executive and interim chair Deborah White.

In this morning’s final results statement for the twelve months to September 30, White describes the year as a “challenging but rewarding period”.

During the period the digital media group launched the Passion Project, a youth engagement and employability programme. It also launched the "Winning in the Game of Life" in British primary schools, this was an adaptation of an earlier pilot of school materials.

Meanwhile, shortly after the end of the period, the company received revenues from the OnGuard software it developed last year.

The group also strengthened its management team with key appointments.

"2013 has been a challenging but rewarding period of product expansion and project growth,” White said.

“It has incorporated the final period of business repositioning and integration necessary to create the appropriate launch pad and platform needed for Milestone's future growth and development. 

“We believe that the company has come through an extensive period of redevelopment from which new and sustainable revenues and growth can be delivered across each of our exciting projects."

Milestone reported a net loss of £980,570, which had narrowed from £1.3mln in the year before. 

During the period the company realised gains of £440,605 from the sale of investments, and it has revenues of £152,373. The group ended the period with net liabilities of just over £1mln.

Milestone said it continues to carefully manage its working capital position. And said it will need to raise money, with a share sale, in the short term so it can continue to support some of its business activities until they are fully revenue generating.


Viewing all articles
Browse latest Browse all 20

Latest Images

Trending Articles





Latest Images