TTG Europe plc, the AIM quoted provider of fixed and mobile, voice and internet telecommunications solutions, has announced its unaudited preliminary results for the period ended 31 March 2004. Turnover for the period was £63.5 million and operating profit before goodwill and exceptionals for the period was £606,000.
This year has seen the recapitalisation of the business through a £6 million placing and open offer and a return to financial stability. The UK mobile distribution business was expanded to include Holland.
Michael Hanna, group chief executive officer, says: "This has been a challenging year for TTG Europe. The successful completion of the placing and open offer has allowed the Group to recapitalise the business, which is now in a strong position to resume its original strategy of developing a successful telecommunications company providing fixed line and mobile solutions to UK and European customers."
27-Aug-2004
