Business
Replacement - Trading Update
Replacement - Trading Update.
About this update from Foresight Group Holdings Ltd.
[{"type":"text","content":"\n RNS Number : 4570K Focus Solutions Group PLC 20 April 2010 \n \n\n \n \n \nThe following amendment has been made to the 'Trading Update' announcement released on \n20/04/10 at 7.00 under RNS ref 4328K\n \nCorrection in second paragraph with respect to previously reported half year cash balance. \n \nAll other details remain unchanged. \n \nThe full amended text is shown below. \n \n\n\n\n\nPress Release\n\n\n20 April 2010\n\n\n\n\n \nFocus Solutions Group plc\n \n(\"Focus Solutions\" or the \"Group\")\n \nTrading Update\n \nFocus Solutions, a leading supplier of multi-channel distribution solutions to the global financial services industry, today gives an update prior to the Group's Final Results for the year ended 31 March 2010. \n \nThe Group is pleased to announce that operating profits before exceptional items for the full year and sales revenues will be in line with market expectations, with a strong closing cash position of £2.4 million, down marginally from £2.51 million at the half year. \n \nRichard Stevenson, Chief Executive, said: \"Focus has had a successful financial year, which is even more impressive considering the economic conditions in the last 18 months. We have continued to deliver on our strategic goals during this time including winning significant new licence sales with organisations such as Tenet, AWD Chase de Vere and Mastek which have further diversified our customer base and grown the proportion of the company's income from licence revenue. We have also been successful in expanding the organisation globally, beyond our traditional UK and Irish markets. In particular our contract win with Mastek expands the Group's reach into North America, Europe, and Asia Pacific. \n \n \"We are very optimistic as we head into FY2011 with the strongest pipeline in the Group's history and demand for focus:360° and our supporting services being driven by ongoing regulation, in particular the RDR.\" \n \nThe Group will be announcing its Final Results in June 2010. \n \n- Ends - \n \nFor further information:\n\n\n\n\nFocus Solutions Group plc\n\n\n\n\n\n\n\nRichard Stevenson, Chief Executive \n\n\nTel: +44 (0) 1926 468300\n\n\n\n\nMartin Clements, Finance Director\n\n\nwww.focus-solutions.co.uk\n\n\n\...