Business
Preliminary Results year ended 31 December 2010
Preliminary Results year ended 31 December 2010.
About this update from Ingenta Plc
[{"type":"text","content":"\n \n\n\n\n\n\nRNS Number : 3991C Publishing Technology PLC 07 March 2011 \n \n\n7 March 2011\nPublishing Technology plc announces Preliminary Results for 2010\n \nPublishing Technology plc (PTO.L) (\"Publishing Technology\", the \"Group\"), the AIM quoted, leading provider of information technology tools and online services to international book and academic publishers, is pleased to announce its audited results for the year ended 31 December 2010.\n \nWhilst 2010 continued to be a challenging year with publishers remaining hesitant to undertake major capital investments, the business moved forward positively, increasing efficiency and margins, while continuing to invest in sales and marketing. The publishing software industry is in flux, and the investment foresight we have shown, means that we stand ready to capitalise on the re-igniting of capital investment within publishing.\n \n2010 successes:\n \n■ Five sales of our new advance products including two multi-million dollar deals\n■ Continued high levels of contract renewals\n■ Highest levels of new publisher wins on ingentaconnect since 2007\n■ First software sales in Brazil and opening of our office in São Paulo\n■ The launch of our first Japanese site (www.pieronline.jp)\n■ 43% improvement in profit before tax\n■ 77% improvement in earnings per share\n \nFinancial highlights for full reporting period:\n \n■ EBITDA up 21% to £1.1m (2009: £0.9m)\n■ Total revenues down 1.6% to £15.0m (2009: £15.3m)\n■ Gross profit up 1.7% to £6.2m (2009: £6.1m)\n■ &nb...