Business
Preliminary Results
Preliminary Results.
About this update from Ithaca Energy Plc
[{"type":"text","content":"\n RNS Number : 8596W ITIS Holdings PLC 17 June 2008 \n \nHIGHLIGHTS\n \nITIS Holdings plc a leading road traffic and information data specialist is pleased to announce its preliminary results for the year ended 31 March 2008. \n\nHighlights\n\n · Revenue from continuing operations up 29.3% to £18.32m (2007: £14.17m), of which £1.43m is from Trafficlink\n· Profit before taxation on continuing operations up 30.5% to £4.79m (2007: profit of £3.67m), of which £0.19m is from Trafficlink\n \n· Basic and diluted earnings per share from continuing operations were 3.2p (2007: 5.2p). Continuing basic and diluted earnings per share before the effects of tax increased 29.7% to 4.8p (2007: 3.7p)\n \n· Final dividend proposed of 1.5p\n \n· The nationwide CFVD® system with Be-mobile in Belgium is now fully operational and profitable\n \n· Significant growth from international business with projects including China, South Africa and Russia\n \n· Acquisition of Trafficlink in December 2007, the UK’s leading distributor of traffic incident and travel information to broadcasters, business and Government in December 2007\n \n· Renewal of TMC traffic contracts with Jaguar, Land Rover, Renault and Nissan and new contract with Garmin\n \n· New contract to supply traffic information on Nokia mobile devices in the UK announced today\n\n\nStuart Marks, Chief Executive of ITIS commented: 'This has been a record year for ITIS in terms of both revenues and profits from continuing operations. We anticipate revenue from the international markets is set to grow strongly this year as we now convert prospects into customers and as we continue to find new countries that are eager to deploy our technologies. Our acquisition of Trafficlink has brought immediate benefits to the quality of our information in the UK and we are now implementing operational synergies bet...