Messaging Intl FY Pretax Loss GBP33,096 Vs Loss GBP367,267

30th Jun 2010 16:47

LONDON (Dow Jones)--Messaging International Plc (MES.LN), an AIM traded company and provider of innovative messaging services, announced Wednesday it made a pretax loss of GBP33,096 for the year ended December 31, 2009, compared with a loss of GBP367,267. MAIN FACTS: -Total revenue increased by over 30% to GBP2,274,080 (2008: GBP1,742,632) -Maiden Operating profit: GBP27,038 (2008: loss GBP333,906) -Net Cash: GBP202,691 (2008: GBP300,653) -Strengthened position as leading provider of innovative messaging services especially in "Text to Landline" and "PC to Mobile" solutions -Expansion into new geographic territories -The board does not recommend the payment of a dividend. -The company's new products provide TeleMessage with yet another string to its bow as it maintains focus on technological quality and development and it is confident that they will appeal to many of the company's blue-chip clients. -As the converged messaging and mobile communications markets continue to progress at a phenomenal pace, the company is committed to the quality and advancement of its products to further take advantage of this trend. -Shares closed Wednesday at 0.53 pence. -By Zechariah Hemans, Dow Jones Newswires; 44-20-7842-9411; [email protected] (END) Dow Jones Newswires June 30, 2010 11:47 ET (15:47 GMT)