Business
Results for the year ended 31 December 2018
Results for the year ended 31 December 2018.
About this update from Concurrent Technologies Plc
[{"type":"text","content":"\n \nRNS Number : 0596V Concurrent Technologies PLC 04 April 2019 \n\n4 April 2019\nConcurrent Technologies Plc\nResults for the year ended 31 December 2018\nConcurrent Technologies Plc (AIM: CNC), a world leading specialist in the design and manufacture of high-end embedded computer boards for critical applications, announces results for the year to 31 December 2018.\nFinancial Highlights\n \n· Revenue for the year increased to £16.6m (2017: £16.2m)\n· Gross profit was £8.7m (2017: £9.0m)\n· Gross margin was 52.2% (2017: 55.4%)\n· EBITDA increased by 5.8% to £4.6m (2017: £4.4m)\n· Profit before tax was £3.0m (2017: £3.0m)\n· Profit after tax increased to £3.0m (2017: £2.8)\n· Dividend increased by 4.5% to 2.30 pence per share for the year (2017: 2.20 pence)\n· Cash in business plus deposits was robust at £7.7m (2017: £8.4m)\n \nOperational Highlights\n \n· During 2018, the Group introduced several new high performance embedded computer boards and accessory modules. These included products based on the 8th generation Intel® Xeon® processor for use in VME, CompactPCI® and OpenVPX™ architectures. As required by many applications, these new products offer support for enhanced security features and most are suitable for both commercial and harsh environments. \n· Support for additional 3rd party software and hardware products and systems was announced to broaden the Group's product range. \n· The Group's UK manufacturing line was updated through the addition of a new pick-and-place machine providing additional production capacity and capability.\n \nMichael Collins, Chairman of Concurrent Technologies Plc, commented:\n \n\"The new fiscal year of 2019 has started with a very strong order book giving the Board confidence in the Group's performance for the first half of 2019 and for the year as a whole. New and existing customers continue to require increasing levels of processing performance and additional product features including, in particular, increased security capabilities and...