Business
Results for the year ended 31 December 2015
Results for the year ended 31 December 2015.
About this update from Concurrent Technologies Plc
[{"type":"text","content":"\n \nRNS Number : 5000S Concurrent Technologies PLC 18 March 2016 \n\n18 March 2016\nConcurrent Technologies Plc\n(the \"Company\" or the \"Group\")\n \nResults for the year ended 31 December 2015\n \nConcurrent Technologies Plc (AIM: CNC), a world leading specialist in the design and manufacture of high-end embedded computer products, for critical applications in the defence, aerospace, transportation, telecommunications, scientific and industrial markets, announces results for the year to 31 December 2015.\n \nFinancial Highlights\n \n· Turnover increased by 33.6% to £17.1m (2014: £12.8m)\n· EBITDA increased by 40.0% to £4.2m (2014: £3.0m)\n· Profit before Tax increased by 58.8% to £2.7m (2014: £1.7m)\n· Cash in business plus deposits increased by 5.4% to £5.9m (2014: £5.6m)\n· EPS increased by 66.2% to 3.79 pence (2014: 2.28 pence)\n· Dividend increased by 5.56% to 1.90 pence per share for the year (2014: 1.80 pence)\n \nOperational Highlights\n \n· Continued success of sales associated with telecommunications base station test equipment using AMC architecture.\n· 84% growth in sales of products associated with scientific applications.\n· 25% improvement in VPX™ architecture product sales mainly for defence applications.\n· 7 new high performance processor boards, featuring the latest technology including 4th generation Intel® Core™ processors, low power Intel® Atom™ processors and latest Intel® Xeon® processors.\n· Launch of GPU (Graphics Processing Unit) accelerator board to augment AMC boards.\n· Investment in new equipment for manufacturing.\n \nMichael Collins, Chairman, commented:\n \n\"We are a key supplier of Intel based technology to many major international companies and our products are used in a wide range of ever more sophisticated and high-reliability computer systems. While the outlook for the current worldwide economic climate is not clear, our core business is relatively resilient and there are many opportunities to introduce our highly innovative technology to new customers. We wi...