Multimedia content and services company UBC narrowed losses before tax on the back of a strong increase in half-year revenues.
Revenue from continuing operations in the six months ended September 30th rose to £2.20m from £1.50m the year before. The group made an operating loss of £0.36m versus a loss of £0.49m the year before, while loss before tax was £0.43m versus a loss of £0.49m the previous year.
At 30th September, UBC had cash in the bank of £3.30m, down from £3.78m the year before. During the last 6 months £139,000 was returned to shareholders through dividends, but the group is not proposing an interim dividend.
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Shareholders were lifted by news of a contract win to supply digital video content to Yahoo UK and Ireland. UBC Media will receive a revenue share from advertising around the videos sold by Yahoo!
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