StockMarketWire.com - SpaceandPeople has posted a FY pretax profit of £0.76m, from a year-ago profit of £2.4m. Revenue was £15.4m, from £14.6m. It proposed a final dividend of 2p a share.

Chairman Charles Hammond said 2014 was a challenging year for SpaceandPeople, a year in which trading conditions became more difficult resulting in lower than expected business gains in each of the UK and Germany.

"This was particularly important as the loss of business in the previous year from a significant retail customer needed to be replaced.

"The reaction of the Executive and Management Teams in the business has been positive to these adverse conditions and the cost base of the business at all levels has been lowered, the effectiveness of the Sales Team improved and a new Mobile Promotions Kiosk product and service launched successfully.

"As a result, trading in the latter part of the year stabilised and also showed promising signs of growth."





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