Tuesday, June 10, 2014

Audited results for year ended 31 December 2013

The Directors of Minds + Machines Group Limited (AIM: MMX) are pleased to announce the Group’s audited results for the year ended 31 December 2013 (“the Period”).

  • operating profit of £776,000 for year ended 31 December 2013 (2012: £3.07 million loss); 
  • profit after tax for year ended 31 December 2013, £729,000 (2012: £3.06 million loss); and
  • cash reserves increased to £9.1 million at year end (31.12.2012: £2.4 million). 
  • business transitioned from an investment company to a fully operating company covering all facets of the domain name business: registry, registry service provider and registrar operations; 
  • registry service operations expanded in Dublin and London; and 
  • registrar operations launched in November 2013. 
Post period highlights
  • cash reserves increased to £21.7 million as at 30 April 2014 following equity raise in January 2014; 
  • Company re-named and readmitted to AIM as Minds + Machines Group Limited on 21 March 2014;
  • .london successfully launched on 29 April 2014;
  • 7 other new domains in which the Group has an interest successfully soft-launched on the Internet 
  • further 22 uncontested domain applications - 17 of which the Company either wholly or majority owns - now going through the final pre-launch phases; and 
  • Company looking to resolve a further 43 contested new domain applications in which it has an interest through private auctions.
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