Business
Half Yearly Report
Half Yearly Report.
About this update from Xps Pensions Group Plc
[{"type":"text","content":"\n \nRNS Number : 1341X EXPANSYS plc 08 January 2014 \n \n\nEXPANSYS PLC\n(\"EXPANSYS\" or the \"Company\" or the \"Group\")\n \nINTERIM RESULTS FOR THE SIX MONTHS ENDED 31 OCTOBER 2013\n \nEXPANSYS plc (AIM: XPS), a global provider of end-to-end ecommerce and fulfilment solutions in the consumer electronics and wireless sectors, announces interim results for the six months ended 31 October 2013.\n \nFinancial Headlines\n \n- Turnover up 32% to £60.2m (H1 2012: £45.6m) \n- Adjusted profit before tax £0.3m (H1 2012: £0.4m)\n- Loss before tax £2.4m (H1 2012: loss of £2.1m)\n- Exceptional charges of £2.2m (H1 2012: £2.3m)\nTrading Headlines\no US SIM business going through substantial change but has suffered an exceptional charge of £2.2m\no DSNS UK in line with management expectations\no Growth in turnover from retail business of 23%\no Reduction in losses in the retail business of £700k to circa £150k\no Growth in turnover from Partner division of 37%\nBob Wigley, Chairman of EXPANSYS, commented:\n \n'It is disappointing that some encouraging trading in the first half of the year has been adversely affected by an exceptional charge related to our US SIM business.'\n \n \n \nEnquiries:\n\n\n\n\nEXPANSYS plc\nAnthony Catterson, CEO\nChris Ogle, CFO \n \nN+1 Singer\nJonny Franklin-Adams \nTel. +44 (0) 20 7496 3000\n \n \n \n \n \n \n \n \n \n \n\n\n \n(via N+1 Singer)\n \n \[email protected] \n\n\n\n\nCHAIRMAN'S STATEMENT\nEXPANSYS announces its results for the six months ended 31 October 2013. \n \nFinancial Review\n \nTotal turnover for the Group in the period increased by 32% to £60.2 million compared to the same period last year (H1 2012: £45.6 million). Revenue growth has come mainly from the Retail divisions. \n \nThe profit before tax as adjusted for share-based payments, foreign exchange and exceptional items was £0.3 million (2012: £0.4 million). \n \nAfter share-based payments, foreign exchange and exceptional items the loss before tax for the...