Appendix 4D and Half Year Financial Report
Sydney, Aug 31, 2016 AEST (ABN Newswire) - Invigor Group Limited (
ASX:IVO) announces the following results for the Company and its controlled entities (together the Consolidated Entity) for the half year ended 30 June 2016. The results are extracted from the Half Year Financial Report which has been reviewed by the Company's auditor.
Invigor operates as a digital solutions group capable of delivering both sales and fulfilment capability. It specialises in innovative business intelligence, big data solutions for businesses and consumers which are supported by strategic consulting, development and marketing services. Invigor delivers its cloud based solutions to a broad range of clients including retailers, brands, mobile network providers, local and state governments, advertising and media agencies.
The result reflects:
- revenue earned from sales, licence fees and services for the period of $3.6 million (2015: $3.4 million), which reflects a pleasing contribution from Condat and from new contracts secured for Insights Retail and Insights Visitor;
- an impairment charge of $425,000 raised against the amount receivable from the Creditors' Committee of KIT digital Inc.;
- an impairment charge of $753,000 raised against convertible notes receivable from MVID; and
- interest and borrowing costs incurred on convertible note and debt facilities of $205,000 (comparative period - $361,000);
Please refer to the accompanying 30 June 2016 Half Year Financial Report, results announcement and presentation slides for further information.
Dividends for the period ended 30 June 2016
No interim dividend has been declared or proposed (2015 - $nil).
Details of entities over which control has been gained or lost during the period
Invigor GGA Holdings Pty Ltd was deregistered on 11 May 2016.
The remainder of the information requiring disclosure to comply with Listing Rule 4.3A is contained in the accompanying 30 June 2016 Half Year Financial Report, results announcement and presentation slides, see links below. These documents should be read in conjunction with each other document.
To view the full report, please visit:
http://abnnewswire.net/lnk/BV67VKS6
To view the results presentation, please visit:
http://abnnewswire.net/lnk/4B73SZ8W
About Invigor Group Ltd
Invigor Group (ASX:IVO) uses its complementary suite of big data products to source, aggregate, analyse and publish content for the benefit of businesses and consumers.
Today its interconnected data sets enable enterprise clients including retailers, brands, shopping centres and government bodies to identify and better understand competitors, consumers, markets and demographics while providing the consumer with the best value-for-money.
Using its current products and a pipeline of additional offerings Invigor will have the ability to provide an end-to-end solution spanning sales, product management, business intelligence, marketing, advertising, content creation and distribution, while monetising each step of the process.
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