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nearmap Limited, Milestone Year Announced

22 August 2014 – SYDNEY – nearmap ltd (ASX:NEA) is pleased to announce its results for the full year ended 30 June 2014 (FY14), with the company generating a maiden profit after tax of $7.1 million, compared to a loss of $1 million in FY13.
 
Commenting on the results, Managing Director Simon Crowther said that growing annuity revenues had underpinned a milestone year for nearmap:
 
“We verified our market opportunities, launched new products to drive growth, strengthened our IP, gained important approvals, added to our resources, capital base and systems and ultimately delivered strong growth in subscriber numbers".
 
 
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