Cellcast Posts 2014 Profit

Cellcast PLC reported a pretax profit for the year ended Dec. 31, 2014. Cellcast posted a pretax profit of 2.9 million pounds ($4.48 million), versus a year-ago pretax loss of GBP2.5 million. Its revenue slipped to GBP15.1 million from GBP15.5 million. Its cost of sales shrank to GBP10.9 million in the year, versus GBP15.7 million. Chief Executive Officer Andrew Wilson said, "During the year revenue from our core services continued to decline, with customer numbers and gross margins coming under increasing pressure. To counter this, we have been pursuing a cost review programme, including our relocation to Milton Keynes and the renegotiation of our bandwidth commitments. Going forward, the board has also been looking at diversification opportunities into other digital content sectors to leverage our skills and experience in interactive broadcasting and mobile transaction services."