Business
PRELIMINARY ANNOUNCEMENT OF R
PRELIMINARY ANNOUNCEMENT OF R.
About this update from Accsys Technologies Plc
[{"type":"text","content":"\n RNS Number : 9644U Accsys Technologies PLC 02 July 2009 \n \n\n\n\n\n2nd July 2009 AIM: AXS\n NYSE Euronext Amsterdam: AXS \n\nAccsys Technologies PLC\n\nPRELIMINARY ANNOUNCEMENT OF RESULTS FOR\nTHE 12 MONTHS ENDED 31 MARCH 2009\n\nAccsys Technologies PLC (www.accsysplc.com) is an environmental science and technology company whose primary focus is on the production of Accoya® acetylated wood and technology licensing via its wholly owned subsidiary, Titan Wood Limited.\n\n\nFinancial Highlights\n\n\n\nRevenue of €31.2 million (2008: €27.3 million)\n\n\nSignificant further investment in the business to prepare for growth and future opportunities reflected in pre-tax profit of €1.8 million (2008: €5.4 million) \n\n\nNet profit of €5.4 million (2008: €4.1 million)\n\n\nEarnings per share of €0.035 (2008: €0.027)\n\n\n\nOperational Highlights\n\n\n\nDevelopment of Arnhem facility increasing capacity by 33%\n\n\nTricoya® wood elements brand launched\n\n\nJoint Development Agreement with Medite Limited for Medium Density Fibreboard\n\n\nCurrent License Agreements for 650,000m3 and License Option Agreements for 420,000m3\n\n\nExpectations of additional license options and agreements in 2009/2010\n\n\nExpansion of trading agreements including into North America\n\n\nPaul Clegg appointed as non-executive director\n\n\nAppointed Matrix Corporate Capital, Nominated Adviser and Broker\n\n\n\n\nExecutive Chairman, Willy Paterson-Brown, said, 'In challenging economic circumstances we have made good progress in many areas this year. Our Accoya® wood product continues to gain strong brand recognition on a growing international stage and we have successfully launched Tricoya®, our second brand. We continue to work on developing new territories and partnerships and have invested in the business to prepare for this growth. We have established ourselves as a leading 'sustainable' business and are positioning ourselves to take advantage of the significant changes facing the wood industry as environmental legislation starts to impact historic practices. This is an exciting time for us.' \n\nThe audited financial statements for the year ended 31 March 2009 follow.\n\n-ENDS-\n\nFor further information, please contact:\n...