Business
Final Results
Final Results.
About this update from Accsys Technologies Plc
[{"type":"text","content":"\n RNS Number : 0518X Accsys Technologies PLC 19 June 2008 \n \n\n\nLondon, 19th June 2008 AIM: AXS\n NYSE Euronext Amsterdam: AXS\n\nAccsys Technologies PLC ('Accsys' or 'the Company')\n\nFINAL RESULTS FOR THE 12 MONTHS ENDED 31 MARCH 2008\n\nFinancial Highlights\n\n\n\nSales revenue of €27.3 million (2007: €50,000)\n\n\nEBITDA of €7 million (2007: loss of €8.7 million)\n\n\nNet profit of €4.1 million (2007: loss of €22.2 million)\n\n\nCurrent net cash position of €46.2 million with no debt\n\n\nMaiden dividend of €0.01 per share proposed \n\n\nOperational Highlights\n\n\nFinlay Morrison appointed CEO, formerly Head of Acetyls at Celanese Corporation\n\n\nLicense agreement signed in China for 500,000m3\n\n\nLicense agreement signed in Middle East for 150,000m3\n\n\nExpectations of additional license options and agreements in 2008/2009\n\n\nTrading agreements in place in France, Italy, Norway, Denmark and Chile, in addition to UK, Germany and the Netherlands\n\n\nExpansion into USA, opening a regional office in Dallas, to take advantage of the overwhelming response to Accoya® wood in the Americas\n\n\nCommercial, en...