11 09 12

Omnifone hails ‘first profit’ for its last financial year

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B2B digital music firm Omnifone has announced financial results for the year ending 30 April 2012, reporting a 118% increase in revenues to £29.5m, and “its first profit as a company” of £3.8m on an EBITDA basis. That’s the caveat: EBITDA is earnings before interest, taxes, depreciation and amortisation, rather than net profit. Omnifone hasn’t…

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Stuart Dredge
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