StockMarketWire.com - CentralNic - the internet platform business which derives revenues from the global sale of domain names - has sold a number of premium domain names for US$2.5m in cash.

The board also confirmed that profits for the year ending 31 December will be in line with market expectations.

CentralNic says that as previously announced on 23 September, it launched a premium domains trading business in the second half of 2014.

Premium domain names are domain names that trade at a premium to normal retail pricing.

CentralNic has today concluded sales of non-core premium domain names for US$2.5m, satisfied in cash on completion, the proceeds of which will be utilised to further accelerate growth within the Group, and acquire additional premium domains to augment the existing portfolio.

The board also announced that it is pleased with overall trading performance to date and is confident that profits for the year ending 31 December will be in line with market expectations. The group has transformed its business to include registry, registrar and enterprise divisions that reflect a diversified international business specialising in domain name sales and related services, including a Premium Domain Trading business that through this transaction is already contributing to CentralNic's performance.


At 8:19am: [LON:CNIC] Centralnic Group Plc Ord 0.1p share price was 0p at 37p



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