PLUS Markets Group plc (or “the Company”) reports its preliminary results for the year ended 31 December 2006.
Highlights- Turnover at £2.17 million (2005 - £1.45 million) up 49% on the previous year;
- Loss for the year of £1.33 million (2005 - £1.36 million) with a loss per share of 0.99p (2005 - 1.40p) a decrease of 29%;
- Over half a million trades, worth a total of nearly £3 billion, representing over 5.75 billion shares, took place on the PLUS market.
- Successful share placing to raise £25 million in January 2007;
- Application to become a Recognised Investment Exchange submitted to the Financial Services Authority in March 2007.
Commenting on the annual report, Chief Executive Officer Simon Brickles said:
“With improving market share, a strengthened balance sheet post year end and a first rate team, we have built a sound base for increasing our stock coverage and launching a wider challenge to the traditional exchange monopoly."
