i-design forecasts small pre-tax profit for first half of 2012


By The Drum Team, Editorial

April 16, 2012 | 1 min read

i-design, the company that develops marketing and advertising software for ATM machines, has updated it trading for the first six months of its current financial year, announcing an expected net cash balance of £0.81m.

The company has said that its revenue for the first half of its financial year, ending 30 September 2012, are expected to be ahead on the same period last year, with a forecast that it will deliver a 'small' pre-tax profit.

The profits are partially due to the company’s first contract with Canadian bank, secured through channel partner IBM, which will use the group’s software offering joono.

Also forecast are that media sales are expected to make a ‘similar contribution’ to the first half of last year, with media sales bookings said to be ahead of the year in comparison.

“The Board believes that there are significant growth opportunities for i-design's software and media sales and remains confident that i-design is well positioned for continued progress,” the company’s statement concluded.

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