Motive Television plc Half-yearly results

Motive Television plc Half-yearly results

Motive Television plc, the digital television technology, software and services provider, is pleased to announce its interim results for the six months ended 30 June 2011.
Financial highlights

  • Revenue from continuing operations up 195 per cent to £1,094,563 (H1 2010: £370,818)
  • Gross profit from continuing operations up 347 per cent to £390,680 (H1 2010: £87,421)
  • Loss attributable to continuing activities £1,704,950 (H1 2010: £535,894)
  • Loss per share from continuing activities 0.12p (H1 2010: 0.10p)

Operational highlights

  • Launch of Television Anytime Anywhere platform which integrates the Company's two core software ?brands
  • US subsidiary established to address growing business in the United States
  • Memorandum of Understanding signed with CME Media Services Ltd., a wholly-owned subsidiary of ?Central European Media Enterprises Ltd
  • Agreement for pilot programme with Granite Broadcasting Corporation in the United States
  • Agreement with Media Networks Latin America S.A.C. for Television Anytime Anywhere project in Latin ?America
  • Successfully enabled the broadcasting of 3D television content to a set-top box
  • Board strengthened with the appointment of Graham Loader as Chief Financial Officer, Group Finance ?Director and Company Secretary

Commenting on the results, Michael Pilsworth, Executive Chairman, said:
"The Group has made good progress in the first six month period of the current financial year, having successfully launched Television Anytime Anywhere and signed new agreements in the United States, South America and Europe. We remain in discussions with a number of broadcasters, cable, and satellite operators in both Europe and the Americas and are confident that Motive's distinctive proposition will gain further traction in our key markets in the near future."

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