Business
Half Yearly Report
Half Yearly Report.
About this update from Celebrus Technologies Plc
[{"type":"text","content":"\n \nRNS Number : 7383N IS Solutions PLC 07 September 2011 \n \n\n \nIssued by Citigate Dewe Rogerson Ltd, Birmingham\nDate: Wednesday, 7 September 2011\n \n \nIS Solutions Plc\nHalf-year Results for the six month period ended 30 June 2011\n \n \n\"Planned change in mix of business strengthens IS Solutions'\nposition as a Leading Managed Service Provider\"\n \n \n\n\n\n\nFinancial Highlights\n \n\n\n\n\n· Significant Gross margin improvement since the start of the year reflecting the change in mix of business and ahead of the comparable Half-year\n \n\n\n\n\n\n\n\n· Managed Services grew strongly\nRecurring Income accounting for 72.76% of revenue (2010: 63.88%)\n \n\n\n \n+15.8%\n\n\n\n\n· Reported Profit from Operations £334,000 (2010: £232,000)\n\n\n+43.9%\n \n\n\n\n\n· Group Profit before Tax £310,000 (2010: £215,000)\n\n\n+44.2%\n \n\n\n\n\n· Earnings per share 1.09 pence (2010: 0.79 p)\n\n\n+38.0%\n \n\n\n\n\n· Interim dividend 0.40 pence (2010: 0.36p)\n\n\n+11.1%\n\n\n\n\n \n \n\"As we indicated in my closing remarks contained in the 2011 Outlook statement in our 2010 Accounts, we would see a reduction in Revenue and an increase in gross margins in 2011 through our planned focus on our core areas of Projects and Managed Services.\"\n \n\"Following this solid first half performance both in terms of trading and profitability, coupled with the on-going strength of activity in web-based analytics, the Board remain confident of achieving market expectations for the full year ending December 2011.\"\n \n \n\n\n\n\nEnquiries:\n\n\n\n\n\n\n\nJohn Lythall, Managing Director\n\n\nFiona Tooley or Keith Gabriel\n\n\n\n\nIS Solutions Plc\n\n\nCitigate Dewe Rogerson\n\n\n\n\nTel: +44 (0) 1932 893333\n\n\nTel: +44 (0) 121 362 4035\n\n\n\n\nwww.issolutions.co.uk\n\n\nMobile: +44 (0) 7785 703523 (FMT)\n\n\n\n\nTicker: AIM: ISL\n\n\n\n\n\n\n\n\n\n\nCharlie Cunningham - Corporate Finance\nStephen Norcross - Corporate Broking\n\n\n\n\n\n\n\nFinnCap\n\n\n\n\n\n\n\nTel: +44 (0) 207 220 0500\n\n\n\n\n\n\nI S Solutions Plc\nHalf-year Results for the six months ended 30 J...