News Item
SCISYS PLC Interim Results for the 6 months ended 30th June 2012
SCISYS PLC, AIM stock code: SSY, ('SCISYS' or the 'Company') - the supplier of bespoke software systems and IT based solutions for its clients' core business processes is pleased to announce its Interim Results for the period ending 30 June 2012.
HIGHLIGHTS
Financial Highlights
- Revenue £19.6m (June 2011: £22.0m)
- Professional fees £17.9m (June 2011: £18.7m)
- Adjusted operating profit up to £1.3m (June 2011: £1.2m)
- Adjusted basic earnings per share up 19% to 3.1p (June 2011: 2.6p)
- Basic earnings per share up 9% to 2.4p (June 2011: 2.2p)
- Group net debt at 30 June 2012 of £0.8m (30 June 2011: £2.4m)
- Declared interim dividend up 11% to 0.4p per share (2011: 0.36p)
Operational Highlights
- Continued improvement in margins in core professional fees
- Continued strong performance from Government & Defence and Media Broadcast divisions
- Reduced revenues due to adverse foreign exchange translations and lower hardware sales Encouraging levels of order intake: July 2012 order book at £25.3m up 8% on July 2011
- First new tenant secured at SCISYS owned Methuen Park, Chippenham, building
Mike Love, Chairman of SCISYS, commenting on the results, said:
"Following a stronger than anticipated first half of the current financial year we are now expecting a more balanced second half performance. We are particularly encouraged by the continued improvements in margins in our core professional fees; this is the key metric which we measure our business by. With a healthy order book and pipeline we look well set to deliver further progress in the second half of 2012."
The full statement is now available.
For further information please contact:
SCISYS PLC:
Mike Love, Chairman
David Jones, Chief Executive Officer
Chris Cheetham, Financial Director
Tel: +44 (0)1249 466466
Winningtons:
Tom Cooper
Tel: +44 (0) 797 1221972
finnCap Limited:
Corportate Finance: Marc Young / Henrik Persson
Corporate Broking: Simon Starr
Tel: +44 (0) 207 220 0500
