MGt plc, the UK’s leading support services provider to the digital TV and broadcast industry, is pleased to announce a strong set of results for the year ended 30 June 2006.
Turnover up 31% to £21.2m (2005: £16.1m)
Operating profit up 45% to £2.6m (2005: £1.8m)
Profit after tax up 41% to £2.7m (2005: £1.9m)
New 30,000 sq. ft. office opened in June
Customer contacts over 8 million (2005: 6.3 million)
40% increase in staff numbers, breaking the 1,000 level in the year
Awarded The Contact Centre Association “Service Award for Excellence” in June
MGt has enjoyed another year of excellent growth in both sales and profit, driven by the continuing evolution of the broadcast TV sector into a digital service. This changing marketplace requires MGt to maintain its investment in technology – through its multi-channel CRM software, Profile™, – and in its people.
The company now manages, on behalf of its clients, over 8 million customer contacts per year (up 27%) through a range of services and collects £130m of revenues on their behalf (an increase of 22%).
The recently formed MGt Academy has made an impressive impact within the company, in its core basic training programmes, along with ongoing development skills courses.
In support of this growth MGt has invested £9 million in acquiring and fitting out a new office, along with the acquisition of its existing corporate office. This investment was part financed by a new £5 million loan from the Bank of Scotland.
Commenting on the results, Ronald Millar, Deputy Chairman, said:
“We are pleased to report our third successive year of strong sales and profit growth as we continue to benefit from the changing broadcast marketplace, with broadcasters preparing for the analogue switch off which commences in 2008.
Outside the broadcast sector our work for clients in the financial services and public/not for profit sectors grew in the year. We have built a valuable foothold in these sectors, having been active in them for several years.
We have started the 2007 financial year strongly and believe we have the strategy, people and experience to deliver another successful year”
