Trading update (8358J)
06 July 2011 - 4:00PM
UK Regulatory
TIDMPVT
RNS Number : 8358J
Pivot Enterainment Group PLC
06 July 2011
06 July 2011
PIVOT ENTERTAINMENT CORPORATION PLC
("Pivot Entertainment" or "the Company" or "the Group")
6-Month Trading Update
Pivot Entertainment Corporation plc (AIM: PVT), a transatlantic
media and entertainment company is pleased to provide a trading
update for the 6 months to 31 May 2011.
For the unaudited period from 1 December 2010 to 31 May 2011,
the Board believes that Group turnover has increased by nearly 11
percent, compared to the same period in the prior financial year.
The increased turnover occurred in both New York and London.
Over this same 6-month period, EBITDA has improved by nearly
GBP1,500,000, compared to the same period in the prior financial
year as a result of new client engagements and discontinuing or
disposing of certain loss making operations of the Group. In
addition to continuing to work with its normal base of clients in
theatre and film, the Group is pleased to have developed 24 new
high profile client relationships.
Pivot Entertainment will announce its unaudited interim results
for the six months ended 31 May 2011 during the week commencing 22
August 2011.
Commenting, Chief Executive of Pivot Entertainment, Jeremy
Barbera, said:
"We are very pleased with the progress made by the Group during
the past six months. The board of Pivot has now completed our goal
of reshaping the business into a highly focused transatlantic media
and entertainment company. Our executives have also secured a
number of new key contracts, increasing turnover and profitability,
and we look forward to building on this success throughout the rest
of the year."
-End-
Enquiries:
Pivot Entertainment Corporation Plc
Jeremy Barbera/David Stoller/ Shirley Stapleton Tel: +44 20
79930000
Seymour Pierce Limited
Stewart Dickson /Tom Sheldon (Corporate Finance) Tel: +44 20
71078000
Katie Ratner (Corporate Broking)
Bishopsgate Communications Limited
Deepali Schneider/Natalie Quinn Tel: +44 20 75623350
pivotentertainment@bishopsgatecommunications.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
TSTLLFLDDVIEIIL
Pivot Entertain (LSE:PVT)
Historical Stock Chart
From May 2024 to Jun 2024
Pivot Entertain (LSE:PVT)
Historical Stock Chart
From Jun 2023 to Jun 2024