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Maiden profit reported in FY10

Bango has just published its Preliminary Results for the year ended 31 March 2010 and reported maiden profit after tax of £10k, with revenues up 48% between first and second half of FY10.

Continuing migration of several large US content providers to the Bango system during the year, including Fox Mobile and Turner Broadcasting has contributed to the profitability and increase in revenues.

Ray Anderson, Chief Executive Officer of Bango, commented:

”Following a year which saw continued growth and our first profitable year, we have built a strong sales pipeline and an impressive portfolio of customers. Mobile web usage is accelerating and mobile payments are becoming increasingly important to providers of content and services. As a provider of a mobile payments platform and associated analytics tools, Bango is a major beneficiary of this trend. Working with mobile operators, content providers, brands, as well as other commercial partners and investors, we look forward to delivering continued growth and significant shareholder value.”

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