MobilityOne Sees FY Rev Up 10% To GBP13.7M vs GBP12.5M

10th Jun 2010 13:10

LONDON (Dow Jones)--MobilityOne Limited (MBO.LN), an e-commerce infrastructure payment solutions and platforms provider, announced Thursday that it expects its full year results for the financial year ended Dec. 31, 2009 to report a 10% rise revenue to GBP13.7 million, compared with GBP12.5 million. MAIN FACTS: -These figures are based on the Company's unaudited accounts and are subject to finalization by the auditors. -However, higher depreciation, amortization of intangible assets and development costs of GBP0.32 million, together with the writing off of bad debts and development costs of GBP0.12 million, have resulted in the company expecting to record a loss after tax of GBP0.92 million in the year ended Dec. 31, 2009. -The company anticipates its performance in 2010 to remain challenging in light of prevailing market conditions. -However, barring any unforeseen circumstances, the company anticipates an upturn in the 4Q of 2010 in the markets in which it operates. -Shares at 1207 GMT down 0.70 pence, or 30.11%, at 1.63 pence. -By Zechariah Hemans, Dow Jones Newswires; 44-20-7842-9411; [email protected] (END) Dow Jones Newswires June 10, 2010 08:10 ET (12:10 GMT)