Thomson Intermedia PLC
23 January 2002
Thomson Intermedia PLC announce, that due to continuing difficult market
conditions and an increase in the time taken to finalise sales contracts, the
results for the financial period to 31st January 2002 will be approximately 15%
below market expectations. Cash balances at the year-end are estimated to be in
excess of £1 million.
Whilst the financial results of the current year are disappointing in comparison
to market expectations, the Board remain confident that the strategy of
producing the UK's only media monitoring offering that links creative images to
expenditure data across all media is the correct one. During these difficult
market conditions, the company will concentrate on tight cost controls together
with considerable focus on converting a large number of prospects.
Final results for the year ending 31 January will be announced in April.
This information is provided by RNS
The company news service from the London Stock Exchange
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