Business
Interim Results
Interim Results.
About this update from Foresight Group Holdings Ltd.
[{"type":"text","content":"\n RNS Number : 4664X Focus Solutions Group PLC 07 December 2010 \n \n\n \n \n \n\n\n\n\nPress Release \n\n\n7th December 2010\n\n\n\n\nFocus Solutions Group plc\n \n('Focus' or 'the Group')\n \nInterim Results for the six months ended 30th September 2010\n \n \nFinancial Highlights\n \n\n\n\n\n●\n\n\nTotal revenues £5.43 million (H1 2009: £4.30 million) \n\n\n\n\n●\n\n\nGross margins increased to 68% (H1 2009: 47%) \n\n\n\n\n●\n\n\nOperating profit before exceptional items £1.14 million (H1 2009: £0.27 million)\n\n\n\n\n●\n\n\nEBITDA before exceptional costs £1.59 million (H1 2009: £0.55 million)\n\n\n\n\n●\n\n\nOperating profit £1.12 million (H1 2009: £0.04 million)\n\n\n\n\n●\n\n\nProfit before tax £1.12 million (H1 2009: £0.15 million)\n\n\n\n\n●\n\n\nBasic earnings per share 3.02 pence (H1 2009: 1.30 pence)\n\n\n\n\n●\n\n\nCash outflow from operating activities of £0.72 million (H1 2009: outflow of £0.31 million)\n\n\n\n\n●\n\n\nCash balances £1.05 million (H1 2009: £2.51 million) and debt free\n\n\n\n\n \nOperational Highlights\n\n\n\n\n· Largest contract win in the company's history with a major global bank worth at least £10 million over a two year period\n· Other significant contract wins during the half year included:\no contract win with third UK retail bank\no contract extension with HSBC worth £1 million\no two contract wins for focus:progress worth £0.5 million\n· Growing interest from organisations outside the UK and Ireland for focus:360°, including South Africa, Hong Kong and Israel\n· Appointment of individuals to key roles in the business, including Peter Cobb to Product Director\n\n\n\n\nSince Period End\n\n\n\n\n●\n\n\nContract extension with Bank of Ireland Life to extend focus:360° to their mass market channel in addition to their mass affluent channel\n\n\n\n\n●\n\n\nLaunch of focus:360° for iPhone and Android smartphones to further extend the product's multi-channel capabilities \n\n\n\n\n\n \nCommenting on the results, Richard Stevenson, Chief Executive said: \"It has been an excellent half year for the Group, which has seen the organisation continue its transformation into a market lead...