Global Market Group Ltd Trading Update (1468Y)
2014年1月21日 - 7:20PM
RNSを含む英国規制内ニュース (英語)
TIDMGMC
RNS Number : 1468Y
Global Market Group Ltd
21 January 2014
21 January 2014
Global Market Group Limited
("Global Market", "the Company" or "GMC")
TRADING UPDATE
Global Market (AIM: GMC), a leading business-to-business
e-commerce service provider dedicated to connecting manufacturers
in China with buyers from all over the world, provides an update on
trading following the end of its financial year. Whilst the
Company's post close work on the 2013 financials has just started,
GMC announces it returned to a cash generative position during the
final quarter of 2013. The Company's cash reserves increased during
H2 to around US$17 million at 31 December 2013, up from US$16.2
million as at 30 June 2013.
The Company has made further progress in recruiting companies to
its Free GMC scheme,successfully meeting its registration target of
30,000 Free GMC members by the end of the period. Global Market
also achieved a soft launch of its M2C service in November.
As reported in the Company's Interim Results, the adjusted
marketing strategy and the planned investment in the Free GMC
programme impacted revenues from the core business during the year,
and the Company is expecting to record an operating loss for the
year. Whilst trading conditions remained difficult during the
second half of the year the board is pleased with the early
progress that has been made in implementing GMC's strategy for
building the platform.
The Company is scheduling release of its financial results for
the year ended 31 December 2013 during May 2014.
For further information, please visit www.globalmarket.com or
contact:
David Ling/ Cheandy Hu/ Mophy Fan Global Market Group Limited:
+86 (20) 8600 2299
Philip Secrett/ Maureen Tai/ Jen Clarke Grant Thornton UK LLP,
Nominated Adviser: +44 (0)20 7383 5100
Richard Baty/ Paul Gillam Westhouse Securities Limited, Broker:
+44 (0)20 7601 6100
Allan Piper/ Jiang Lei First City Public Relations: +852 2854
2666
Simon Hudson/Kelsey Traynor Tavistock Communications: +44 (0) 20
7920 3150
This information is provided by RNS
The company news service from the London Stock Exchange
END
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