Business
Preliminary Results
Preliminary Results.
About this update from Aptitude Software Group Plc
[{"type":"text","content":"\n \nRNS Number : 8697Q Microgen PLC 03 March 2016 \n\n \n3 March 2016\nMICROGEN plc (\"Microgen\")\nAudited Preliminary Results for the Year Ended\n31 December 2015\nMicrogen reports its audited preliminary results for the year ended 31 December 2015.\nSummary\nGroup\n· Revenue growth of 7% to £32.0 million (2014: £29.8 million). Group adjusted operating profit increased to £7.6 million (2014: £7.4 million).\n· Adjusted earnings per share increased by 28% to 9.2 pence (2014: 7.2 pence). Basic earnings per share increased to 6.0 pence (2014: 5.5 pence).\n· Proposed final dividend of 2.8 pence per share (2014: 2.2 pence) representing a full year dividend of 4.2 pence (2014: 3.3 pence), an increase of 27%. \n· Strong balance sheet with cash of £18.6 million (2014: £40.9 million) and net funds of £5.4 million (2014: £24.6 million) following corporate cash outflows of £25.3 million in 2015 (including returns to shareholders of £22.4 million and net acquisition consideration of £2.9 million).\n· Statutory operating profit of £5.3 million (2014: £6.2 million) after net non-underlying costs of £2.3 million (2014: £1.2 million) primarily in respect of the Financial Systems business including the Fleet freehold property disposal.\nAptitude Software\n· Successful execution of strategy set out in 2013 Strategic Review with the largest ever number of new contracts signed in the year. Further major North American telco contracted in February 2016.\n· Revenue increased by 9% to £16.7 million (2014: £15.4 million). Operating profit increased by 38% to £1.7 million (2014: £1.2 million).\n· On-going recurring revenue base at 31 December 2015 increased by 20% to £9.0 million since 31 December 2014 (£7.5 million).\n· New contracts provide good visibility for 2016 due to annual licensing model.\nFinancial Systems\n· Successful execution of strategy set out in 2013 Strategic Review with three roll-up acquisitions now com...