Business
Half Yearly Report
Half Yearly Report.
About this update from Craneware Plc
[{"type":"text","content":"\n \nRNS Number : 3214R Craneware plc 08 March 2016 \n\nCraneware plc\n(\"Craneware\", \"the Group\" or the \"Company\")\n \nInterim Results\n \n8 March 2016 - Craneware (AIM: CRW.L), the market leader in Value Cycle solutions for the US healthcare market, announces its unaudited results for the six months ended 31 December 2015.\n \nFinancial Highlights (US dollars)\n \n· Value of 'new sales' contracts signed in the period increased 15% compared to H1 2015\n· Revenue increased 7% to $23.1m (H1 2015: $21.6m)\n· Adjusted EBITDA1 increased 12% to $7.1m (H1 2015: $6.3m)\n· Profit before tax increased 15% to $6.1m (H1 2015: $5.3m)\n· Adjusted basic EPS increased 14% to 18.8 cents per share (H1 2015: 16.5 cents per share)\n· Cash at period end increased 24% to $45m (H1 2015: $36.4m)\n· Proposed interim dividend increased 19% to 7.5p (H1 2015: 6.3p per share)\n \n1. Adjusted EBITDA refers to earnings before interest, tax, depreciation, amortisation, share based payments and acquisition and share transaction related costs.\n \nOperational Highlights\n \n· Continued sales momentum and record pipeline\n· Positive industry response to the Value Cycle \n· Chargemaster Toolkit named Best in Klas for the 10th consecutive year in \"2016 Best in KLAS Awards\"\n· Pharmacy ChargeLink, now selling 1:1 with Chargemaster Toolkit\n· Progress on delivering Trisus product roadmap:\no Development of Patient Engagement and Access gateway product on track\no Reseller agreement signed post half-year end with US based VestaCare, an automated payment technologies and services company to offer accelerated payment and patient engagement solutions\n· $7.5m contract win signed post half year end with an operator of 50 US hospitals\n \nKeith Neilson, CEO of Craneware commented:\n \n\"Major changes in reimbursement and care delivery models have made understanding and reducing the cost of care, while providing quality patient outcomes, mission-critical for every h...