LONDON (Thomson Financial) - Information management software company Infonic PLC said it expects its first-half revenues to be about 100 pct higher than the same period last year, higher than its expectations of a 50 pct rise, due to stronger than expected trading.

The company also said it maintained careful control of its costs and it expects to report positive EBITDA for the period.

Infonic said it will announce its results on September 28.

fingers crossed, hope they are really good results

The Company is pleased to announce the following preliminary financial results:


Consolidated revenues for the period 8.8m (18 mths to 31.12.06: 6.4m)

Total value of contracts won during the period 16.2m (18 mths to 31.12.06: 6.9m)

Total value of annual recurring revenue at 31.12.2007 1.8m (18 mths to 31.12.06: 1.1m)

Revenue growth (versus 18 months to 31.12.2006) 37.5%

Revenue growth (versus 12 months to 31.12.2006) 49.2%

Increase in contracts won (versus 18 months to 31.12.2006) 134.8%

Gross margin 93.6% (18 mths to 31.12.06: 90.5%)

Operating profit before depreciation, amortisation & exceptional 2.0m (18 mths to 31.12.06: -2.4m)
costs

Adjusted earnings per share 0.9p (18 mths to 31.12.06: -3.2p)