Business
Interim Results
Interim Results.
About this update from Sysgroup Plc
[{"type":"text","content":"\n RNS Number : 3511M System C Healthcare plc 28 January 2009 \n \nSystem C Healthcare plc\nHalf Year results for the six months ended \n\nSystem C Healthcare plc (\"the Group\"), a leading independent provider of information solutions and services to the UK healthcare sector, announces its unaudited half-yearly results for the six months ended 30 November 2008.\n\nFinancial Highlights\n\nThe financial highlights for the six months ended 30 November 2008 are:\n\n\n\nRevenue up 24% at £10.4m (2007: £8.4m), including 21% organic growth\n\n\n\n\n\nProfit from operations up 35% to £1.5m (2007:£1.1m)\n\n\n\n\n\nProfit before taxation at £1.9m (2007: £1.5m)\n\n\n\n\n\nEPS up 45% to 1.69p per share (2007:1.14p per share) \n\n\n\n\n\nIncreased cash position, with cash (net of borrowings) of £13.7m (2007: £11.4m)\n\n\n\n\n\nInterim dividend up 22% to 0.22 pence per share (2007: 0.18 pence per share)\n\n\n\nCommenting on these results, chief executive Ian Denley said:\n\n\"The Group has turned in a strong all-round performance over the period. We have achieved good growth, improved profitability and strengthened our cash position. \n\nOver the last six months we have delivered many important projects on behalf of the National Programme for IT, and have won new clients in both the public and private sectors. We have sold a range of software systems into our core hospital and treatment centre markets, and have also made our first inroads into the emerging polyclinic market. As anticipated, we are seeing increasing interest in Patient Management and Electronic Patient Record Systems (PAS/EPR) both in the UK and overseas and this is generating significant opportunities for the newly developed Medway Sigma product range.\n\nOutlook for the full year is positive and the directors expect that profits will be in line with market expectations.\"\n\n\nFor further information please contact\n\n\n\n\n\nSystem C Healthcare plc\n\n\nTel: 01622 691 616\n\n\n\n\nDr Ian Denley, chief executive\n\n\n\n\n\n\n\nAndrew Coll, finance director\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCollins Stewart\n\n\nTel: 0207 523 8350\n\n\n\n\nMark Connelly\n\n\n\n\n\n\n\nStewart Wallace\n\n\n\n\n\n\n\n\n\n\n\...