Matrix Communications Group plc

('Matrix' or the 'Group')

INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 APRIL 2004

Matrix Communications Group Plc ('Matrix' or 'The Group'), the UK's
communications integrator of choice for leading edge technologies, today
announces its unaudited results for the six months to 30 April 2004.

Highlights

* Turnover up 3,381,000 to 3,697,000

* Gross profit up 1,493,000 to 1,640,000

* Group Pre-tax profit up 822,000 to 550,000 (including minority interests)

* Net Assets up 3,146,000 to 4,473,000

* loss-making satellite communications business sold in January for 30,000

* acquired and successfully integrated three profitable IT companies during
the last 6 months in line with its core strategy

Ian Smith, CEO, commented:

'This has been a defining period for the company and we are delighted to be
reporting on the success we have achieved over the six months. As well
achieving significant organic growth from our existing businesses we have
delivered on our core objective to extend our offering and client base through
acquisition. Over the period we have succeeded in acquiring and integrating a
further three companies into the group, transforming Matrix into the UK's true
integrator of choice. As an enlarged Group we have recently won contracts with
Vodafone, B.A.R Honda and The London Internet Exchange and have engaged in a
number of talks for other exciting contracts. Looking forward, the challenge
for us now is to capture the consolidated cost efficiencies in the enlarged
Group and exploit the numerous cross-selling opportunities that are available
to us through our matured commercial relationships with our present client
base. In this period we have made great progress in turning the company around
and building a solid base of recurring revenues and high margin product mix
with leading blue chip companies. I look forward to reporting to you on our
future progress'


molatovkid - 01 Jun'04 - 07:34 - 173 of 173 edit



Embargoed Release: 07:00hrs Tuesday 1st June 2004

Matrix Communications Group Plc

(`Matrix')

Re Agreement

The Group has concluded heads of terms to acquire a profitable mid-tier
distribution business from the 1st August. This will enable Matrix to continue
to develop its market position and maintain its strong margin growth by
strengthening its key vendor relationships.

As emerging technology segments start to cross over and consolidate, it is very
important that the Group has access to Key Vendor relationships so that 'best
of breed' solutions can be offered to it's customers.

The current annual turnover of the business is 5.5m.

Further Information:

Ian Smith, CEO

SUPERJOCK2: MXC were seeking to extend their contract with Vodaphone to 10 of their Global operations. I seem to recall this was mentioned in the Spring and would take around 3 months. Could be that whoever bought that 2.4 million may be aware that an announcement is imminent. Just conjecture, but who knows!

morning grevis, hope you're right :>))

I am patiently still in - a long term hold but do think it will be worth the wait - I dream of a ten bagger here!

down again humbug

wantu777: Some nice fat buys have just turned up. We may see blue today!

We have blue! Offer now 3.35p. Barclays now quoting maximum buy of 75K.

ha ha i new my ship would come in come on matrix come on matrix...WHAT DOES THAT MEAN GREVIS , WHY WOULD THEY DO THAT, CANT UNDERCONSTUMBLE.....

wantu777:

UNDERCONSTUMBLE.....Like the word, but what does it mean?

As to the 75K max buy, the MMs will often restrict the numbers due to stock shortage. Often means the price is about to tick up. It ticked up immediately after my post to 3.30 v 3.45p

I have all the patience to watch this baby.

Good luck to you all.

Well said FONTY. For certain, MXC seems too low and I've a strong feeling it's about to set forth back towards 4p again. Think we are in for a good week. Cheers!

hi underconstumble is my word for cant undersdand.... SO IS THIS THE WEEK......ABOUT TIME TOO. WHY IS BARCLAYS ONLY ALLOWING 75.000 BUYS ? ME NO COMPRENDO...

OH SORRY GREVIS I DIDNT SEE YOUR REPLY ON BARCLAYS HAD A FEW DRINKS TOO CEBRALATE..TEE HEE

wantu777: That's OK. Support is returning. More fun tomorrow. Good growth stock that is well back from its recent 5p high. If support continues then 3.4p is on the cards. More if an RNS pops up. Keep the faith!

We are moving up fellas!

MMs are buying! Something is going on behind the scenes IMO!

THIS IS STRANGE.. WITH TALK IN THE EXPRESS ABOUT ANOTHER IMMINENT ACUISITION ONE WOULD OF THOUGHT THERE WOULD OF BEEN MORE TRADES MMMMM CANT MAKE IT OUT....

Well we are now flying!

normal retracement. Still within the blue bullish candles. Watch volume

nothing to do with me. I just like charts and dislike vacuuming

Nice one snip!

THIS SHARE DOES YOUR HEAD IN AGAIN IT HIT 3.62, BUT ALL THE BOTTLERS SELL AND WALLOP DOWN SHE GOES , I CANT STAND IRONING OR VACUMING