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CentralNic reports profitable first half

Kevin Murphy, September 25, 2013, 10:30:24 (UTC), Domain Registries

CentralNic today issued its first financial statements since floating on London’s Alternative Investment Market earlier this month.

The company is profitable, reporting profit before tax for the first half of 2013 that almost doubled to $636,000 on revenue that was up 16% at £1,735 million ($2.7 million).

Revenue was down substantially and profit more or less flat sequentially, however. In the second half of 2012, the company took profits of £593,000 on revenue of £2.9 million ($4.6 million).

Seasonality? One-time fees from its new gTLD applicant clients? CentralNic didn’t say.

The H12013 results do not include any revenue from its deal with Go Daddy, which started selling .la domains in July, but it did include revenue from partnerships with two Chinese registrars.

Chairman John Swingewood said in a statement to the market:

The Company is undergoing sustained growth resulting from increased demand for our domain names, establishing new retail channels and securing new inventory. What is more impressive is that these results are yet to include revenues from sales of our pipeline of new Top-Level Domains, which include .college, .bar, .wiki and .xyz, for which the first launch activities are due to start at the end of the year.

The company, which is signed up to provide back-end registry services for 14 uncontested and 39 contested new gTLDs, raised £5 million in its IPO on September 3.

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