26 November 2012
Daily Internet PLC
("Daily" or the Company")
Interim results for the period ended 30 September 2012
Daily Internet PLC is pleased to announce its unaudited interim results for the period 1 April 2012 to
30 September 2012.
Chairman's Statement
Daily has continued to make excellent progress in the first half of the current financial year,
showing growth in revenues of 8.8 per cent. and an 80 per cent. reduction in operating losses before
exceptional project costs. The Company continues to see a month on month growth across all hosting
products, from domain name registration and shared hosting services to sitebuilder products and
virtual private server services, equating to a total growth rate of 5 per cent. for the period. In
addition, the Company has also reached operating cash-flow breakeven.
Over the coming period our aim is to complete the development of new products and to launch them into
the market in line with the Company's Phase II development timetable. These will add to the existing
product offering and broaden our product set to the target market of small and medium size
enterprises.
The Company announced earlier today that the Company has raised a further £550,000 (£507,000 after
costs), in addition to the previous fundraising of £582,000 in September of this year. The proceeds of
both fundraisings will be used to further expand the product offering to customers and the target
market, with a view to complete the Company's Phase II development schedule.
I take this opportunity to thank all our shareholders and hardworking employees for their continued
support and look forward to maintaining steady growth in the coming period.
Michael Edelson
Chairman
Consolidated Profit and Loss Account for the period to 30 September 2012
Unaudited Unaudited
Period Period
1 April 2012 1 April 2011
to to
30 September 2012 30 September
2011
£'000 £'000
Turnover 764 702
Cost of sales (374) (331)
Gross profit 390 371
Operating expenses (420) (524)
Operating loss before exceptional costs (30) (153)
Exceptional costs - Phase II development (148) -
Operating loss after exceptional costs (178) (153)
Interest receivable and similar income - -
Interest payable and similar charges (47) (26)
Loss on ordinary activities before taxation (225) (179)
Tax on loss on ordinary activities - -
Loss for the period (225) (179)
Basic and diluted loss per share 0.4p 0.3p
Consolidated Balance Sheet at 30 September 2012
Unaudited Unaudited
30 September 30 September
2012 2011
£'000 £'000
Fixed assets
Intangible assets 2 18
Goodwill 137 274
Tangible assets 192 133
331 425
Current assets
Debtors 38 22
Cash at bank and in hand 577 99
615 121
Creditors: due within one year (758) (634)
Net current liabilities (143) (513)
Total assets less current liabilities 188 (88)
Creditors: due after one year (722) (570)
Net assets/(liabilities) (534) (658)
Capital and reserves
Called up share capital 459 305
Share Premium 3,055 2,599
Other Reserves 242 242
Profit and loss account (4,290) (3,804)
Shareholders' funds (534) (658)
Notes to the Financial Statements
1. Financial Information
The interim results for the period to 30 September 2012 have not been reviewed by the company
auditors.
2. Responsibility
The directors accept responsibility for the information contained in these financial
statements. To the best of their knowledge and belief, the information is in accordance with
the facts and does not omit anything likely to have a material affect on such information.