Business
Final Results - Replacement
Final Results - Replacement.
About this update from Tekmar Group Plc
[{"type":"text","content":"\n \n Immediate Release: Wednesday 15th March 2006\n\nThe following announcement replaces the announcement published today at \n 07:01hrs under reference PRNUK-1403061501-5D7F.\n\nProfit before amortisation of intangibles should have read up to £2.7m and EPS\nshould have read up to 1.63p. The rest of the announcement remains unchanged\nand the full and correct text can be found below:\n\n TG21 plc \n\n (`The group') \n\n Preliminary Results for the 12 Months Ended 31st December 2005 \n\nHighlights\n\n•Profit before amortisation of intangibles up from £2m to £2.7m\n\n•Net profit up 74%\n\n•EPS (basic) up 68% to 1.63p\n\n•Net debt increase of only £0.1m after payment of £3.1m to acquire controlling\nstake in 21st Century\n\n•Investment in 21st Century increased to 75% which contributed over £1m to\noperating profit\n\n•Hands free installations continue to grow\n\n•Datatool wins new distribution rights\n\nFor enquiries please contact:\n\nPeter Ward TG21 plc Tel: 020 8710 4000\n\nChairman\n\nWilson Jennings TG21 plc Tel: 020 8710 4000\n\nFinance Director\n\nAndrew Tan Hansard Communications Tel: 020 7245 1100\n\nAccount Director\n\nChairman's Statement\n\nPrincipal activities\n\nThe Group's principal activities are the supply and installation of products in\nthe following market sectors:\n\n• Public transport CCTV\n\n• Mobile `phone hands-free installations\n\n• Insurance replacement of stolen in-car entertainment systems\n\n• Car and motorcycle security and accessory products\n\nTrading Results\n\nGroup sales for the year increased by £1.7m to £36.3m (2004: £34.6m) and\ninclude £1.9m turnover from 21st Century which was consolidated for the five\nmonths from 1st August 2005 being the date that we took a controlling interest.\n\nGroup 2005 2004\n \n £m £m\n \nTurnover 36.3 34.6\n \nGross profit 14.9 14.2\n \nGross profit percentage 41.0% 41.0%\n \nTotal operating expenses excluding amortisation and (12.2) (12.2)\nimpairment of intangibles \n \nTotal operating profit before amortisation and impairment 2.7 2.0\nof intangibles \n \nAmortisation and impairment of intangibles (0.4) (0.7)\n \nTotal operating profit 2.3 1.3\n \nNet profit attributable to members of the parent company 1.3 0.8\n \nEPS (basic) 1.63p 0.97p\n \nNet debt 3.8 3.7\n\nI am very pleased to report that Group operating profit before a...