Tangent Communications PLC AGM Statement (3221K)
June 24 2014 - 2:00AM
UK Regulatory
TIDMTNG
RNS Number : 3221K
Tangent Communications PLC
24 June 2014
24 June 2014
Tangent Communications plc ("Tangent" or the "Company")
AGM Statement
Tangent announces that at the Company's AGM to be held later
this morning, the following trading update will be given. The AGM
is at 10:00 a.m. at the offices of Travers Smith LLP, 10 Snow Hill,
London EC1A 2AL.
Our online print business continues to grow in size and
importance to the Company. In the first quarter, 37% of group sales
were taken online, up from 34% as reported for the full year
2013-14.
We have continued to redefine and downsize our agency business;
this has resulted in lower profits in Tangent Snowball in the first
quarter. We are re-channelling our people and focusing them into
our fast growing online businesses.
printed.com sales and customer numbers continue to climb and
performance is ahead of our expectations. printed.com's summer
launch into the photographic printing market will add to the
extensive range on offer.
goodprint's same-day London service is gaining momentum and the
newly launched luxury business card range has been well received.
These enhancements are starting to generate improved conversion
rates on the goodprint website and better engagement with our
customers.
Ravensworth benefits from the busy property market and has now
launched a fully transactional website offering a photo editing
service which is being marketed to its wide client base.
T/OD performed well in the first quarter and is working closely
with goodprint towards the launch of London specific services and
niche products.
Overall we anticipate further progress in the current year
towards generating more revenues online.
For further information, please contact:
Tangent Communications plc
Timothy Green - Chief Executive: 020 7462 6101
Seema Paterson - Corporate Development: 020 7462 6101
Canaccord Genuity Limited - Nominated adviser and broker
Bruce Garrow / Emma Gabriel: 020 7523 8350
This information is provided by RNS
The company news service from the London Stock Exchange
END
AGMFJMRTMBMTBFI
Tangent Communications (LSE:TNG)
Historical Stock Chart
From Jun 2024 to Jul 2024
Tangent Communications (LSE:TNG)
Historical Stock Chart
From Jul 2023 to Jul 2024