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CentralNic Reports £1 Million in Earnings and Almost £4 Million in Revenue

CentralNic announced its audited results for the year ended 31 December 2013.The report showed a net cashflow from operating activitied of £1,134 million .

 

In 2013, bilings were £3,89 million, revenue £3,051 million, gross profit £2,338 million, adjusted EBITDA £1.015 million  and PBT £701,000.

Billings increased by 15 percent from £3,38 million in 2012 to £3,89 million in 2013 and net revenue increased by 4% ,from £2,93 million in 2012 to £3.05 million in 2013. Domain name net revenue also grew by 7 percent from £2,48 million in 2012 to £2,65 million in 2013,while gross profit margin increased to 76,6 % .

Post year end, the company also reported :

  • Five new gTLDs entered launch phase in March and April 2014: .wiki; .xyz; .ink; .bar; .rest
  • Four additional gTLD distribution contracts won – .website, .press, .host and .space, plus the distribution contract for .co.com
  • Preferred supplier agreement signed with Domain Venture Partners (Fund II)
  • Fully owned retail subsidiary TLD Registrar Solutions (“TLD RS”) launched with retail websites for .menu, .build, .luxury and .london

DomiNIC Domain Management software development progressing and marketing commenced

Commenting on the results, John Swingewood, Chairman of CentralNic, said:

“The Directors are extremely pleased with CentralNic’s strategic progress in 2013. The Company is achieving sustained growth resulting from the continued demand for our domain names, establishing new retail channels and securing new inventory. The Board is particularly pleased that these results are yet to include revenues from sales of our pipeline of new Top-Level Domains or of our new retail websites, all of which are starting their launch activities in mid-2014.

“Our objectives when we listed on AIM last year were to accelerate our growth through securing new retail channels, including our own proprietary channels, and obtaining new inventory through commercial and government contracts, including making strategic investments in new TLD applicants. I am delighted that we made progress in each of those areas in 2013. The Board is excited by the considerable opportunities for CentralNic and is confident that the Company will achieve its commercial targets for 2014.”