Business
Interim Results
Interim Results.
About this update from Cohort Plc
[{"type":"text","content":"\n Cohort PLC\n13 December 2007\n\n\n COHORT PLC\n\n INTERIM RESULTS FOR THE HALF YEAR ENDED\n\n 31 OCTOBER 2007\n\n\n GOOD STRATEGIC AND FINANCIAL PROGRESS\n\n\nCohort plc, a leading independent defence technical services business, today\nannounces interim results for the half year to 31 October 2007. Highlights\ninclude:\n\n\n • Acquisition of SEA Group on 31 October 2007.\n\n • Group revenue up 54% to £20.9m.\n\n • Adjusted* profit before tax up 42% at £1.5m.\n\n • Adjusted* earnings per share up 38% at 4.12p.\n\n • Group order book at 31 October £56.1m.\n\n • Interim dividend up 12.5% to 0.45p per share.\n\n\n*Before exceptional items and goodwill amortisation.\n\n\nCommenting on the result, Nick Prest CBE, Chairman of Cohort plc said:\n\n\n'With the recent acquisition of SEA and continued strong revenue growth from\nboth SCS and MASS, Cohort continues to deliver the strategy set out at the time\nof flotation in March 2006. The Board is positive about the outlook'.\n\n\nFor further information, please contact\n\nCohort plc 01491 843150\nStanley Carter, Chief Executive\nSimon Walther, Finance Director\n\nInvestec 020 7597 5970\nMichael Ansell\n\nHogarth Partnership Limited 020 7357 9477\nJulian Walker, Andrew Jaques, Vicky Watkins\n\n\n\n\nNOTES TO EDITORS\n\n\nCohort plc (www.cohortplc.com)\n\n\nCohort is a defence technical services group. It operates through three\nwholly-owned subsidiaries, MASS Consultants ('MASS'), Systems Consultants\nServices ('SCS') and SEA Group ('SEA') , all of which are leading independent\nservice providers, working for defence (air, land and sea), wider government and\nindustry clients.\n\n\n • MASS (www.mass.co.uk) was acquired by Cohort in August 2006 for an\n initial consideration of £12.5m and is an independent UK Systems House\n focused on the defence and aerospace markets. MASS offers specialist skills\n in four main business areas: Managed Services, Electronic Warfare, Secure\n Communications and Information Systems.\n • SCS (www.scs-ltd.co.uk), Cohort's original operating company, provides\n independent consultancy support, which combines technical expertise with\n practical experience and domain knowledge, primarily but not exclusively to\n the defence sector.\n • SEA (www.sea.co.uk) is an independent systems engineering and software\n company operating primarily i...