Business
Interim Results
Interim Results.
About this update from Fdm Group (holdings) Plc
[{"type":"text","content":"\n \nRNS Number : 6655N FDM Group (Holdings) plc 30 July 2014 \n \n\n30 July 2014\n \nFDM Group (Holdings) plc\nInterim Results\n \nFDM Group (Holdings) plc (\"FDM\"), an international professional services provider focusing principally on Information Technology, today announces its Interim Results for the six months ended 30 June 2014. \n \nFinancial highlights:\n\n\n\n\n· \n\n\nRevenue for the six months to 30 June 2014 increased by 13.6% to £56.6 million (2013: £49.8 million)\n\n\n\n\n· \n\n\nNet fee income(a) for the six months to 30 June 2014 increased by 19.1% to £42.6 million (2013: £35.8 million) \n\n\n\n\n· \n\n\nMountie(b) revenue for the six months to 30 June 2014 increased by 20.0% to £41.2 million (2013: £34.4 million)\n\n\n\n\n· \n\n\nMountie(b) utilisation rate for the six months to 30 June 2014 was 97.8% (2013: 96.7%)\n\n\n\n\n· \n\n\nEBITDA for the six months to 30 June 2014 (operating profit before interest, taxation, depreciation and amortisation and exceptionals) increased by 10.6% to £11.0 million (2013: £10.0 million)\n\n\n\n\n· \n\n\nGroup operating profit before exceptional items for the six months to 30 June increased to £10.7 million (2013: £9.7 million)\n\n\n\n\n· \n\n\nExceptional administrative expenses totalled £5.3 million related to the Initial Public Offering of FDM of £4.9 million and exceptional share based payment costs of £0.4 million (2013: £nil)\n\n\n\n\n· \n\n\nGroup Profit before tax after exceptional items for the six months to 30 June 2014 decreased to £5.1 million (2013: £9.6 million). Basic and fully diluted earnings per share for the six months to 30 June 2014 were 2.4 pence per share (2013: 7.0 pence per share)\n\n\n\n\n· \n\n\nBasic and fully diluted earnings per share excluding exceptional items were 7.5 pence per share (2013: 7.0 pence per share)\n\n\n\n\n· \n\n\nNet cash position at 30 June 2014 of £5.4 million (2013: £5.0 million)\n\n\n\n\n \n \nOperational highlights:\n\n\n\n\n· \n\n\nAdmission of FDM's Ordi...