NETCCENTRIC DELIVERS FULL-YEAR GROWTH IN REVENUE AND PROFIT

Highlights

•  Netccentric has delivered strong revenue growth in the financial year (“FY”) ended 31 December 2020, with underlying revenue (ex-disposed entities) +15% from FY2019, substantially driven by the Group's influencer marketing business, Nuffnang
•  Netccentric continues to invest in efficiency and cost controls, achieving the first operating cashflow positive year and delivering a maiden profit since its ASX listing in 2015
•  Expansion into social commerce remains an important growth strategy for Netccentric, with Nuffnang Live Commerce expected to generate revenue in FY2021 with sustainable and scalable growth for the Group
•  Netccentric retains a strong position to drive continued growth both organically and via M&A with a healthy debt-free balance sheet, S$3.4m in cash and a proven strategy to deliver end-to-end growth solutions

Netccentric is currently in a Trading Halt - waiting to announce a Capital Raise

It Received a speeding ticket on 19/2/21 to whiich it replied "NCL is not aware of any information concerning it that has not been announced to the market which, if known by some in the market, could explain the recent trading in its securities". Share have jumped from 10cps to 29cps since 19/2