CybIT Holdings Fiscal Year Pretax Profit GBP2.14 Million Vs GBP1.69 Million
03 Julio 2009 - 2:01AM
Noticias Dow Jones
Cybit Holdings Plc (CYH.LN), an international provider of
telematics based products and services for the management and
control of land and sea based assets, announced Friday its
preliminary results for the year ended March 31, it made a pretax
profit GBP2.14 million compared with GBP1.69 million.
MAIN FACTS:
-Revenue: GBP25.48 million (2008: GBP19.67 million)
-EBITDA: GBP5.47 million (2008: GBP4.26 million)
-Operating profit: GBP3.94 million (2008: GBP3.26 million)
-Cash (net of overdrafts): GBP2.02 million (2008: GBP2.43
million
-Earnings per share: 7.06 pence (2008: 4.65 pence)
-14% year on year organic growth excluding Truck24
-Net Asset Value up 16% from GBP12.1 million to GBP14.1
million
-GBP2 million reduction in year on year operating costs
-Operational cost cover from free cash flow increased from 71%
to 82%
-Internal lease book represents GBP8.2 million of future profit
which will be recognised over the next three to five years
-New three year GBP4 million committed revolving credit facility
agreed with HSBC(HSBA.LN)
-Application being made for cancellation of Share Premium
account to facilitate future payment of dividends
-Three year exclusive agreement with Ford (F) to provide
aftermarket telematics solutions in the U.K.
-Significant telematics contracts with Homeserve Plc (HSV.LN),
Stannah Lifts Ltd, Northern Ireland Electricity and The Highways
Agency
-The outlook for the Group remains positive, and although highly
competitive, the market for its telematics solutions remains
strong
-In the commercial sector, its financial strength and successful
track record is helping us to win new business
-The Board remains confident about the prospects for Cybit and
the telematics market as a whole
-The Board is confident that profitability can be maintained
even if the global economy does not improve over the medium
term
-By London Bureau, Dow Jones Newswires; Contact Ian Walker; +44 (0)20 7842 9296; ian.walker@dowjones.com
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