Master RSI
- 09 Jun 2004 09:14
RESULS out today, and certainly the company is now going places.
Making profits after 3 years of losses, cash on the bank of 19.1M
And growth for the future, @ 64p the shares are worth to be put on the Portofolio.
Key points:
* Turnover from continuing operations including acquisitions of #22.1m (2002
/3 restated: #21.7m), up 2% or 8% in constant currency terms
* Total Group turnover was #22.1m (2002/3 restated: #25.0m)
* Operating profit of #0.8m (2002/3 restated loss of #10.7m)
* Central group overheads reduced 33% to #1.3m (2002/3: #2m)
* Profit before tax was #1.5m (2002/3 restated: loss of #6.0m)
* Earnings per share were 2.7p (2002/3 restated: loss of 7.9p)
* Cash balances at 31 March 2004 stood at #19.1m (2002/3: #22.2m)
* Cash of #1.3m (2002/3: #0.7m) generated from operations
* Strengthened Supply Chain Execution portfolio with acquisition of
TradePoint Systems during the year, followed by the acquisition of Paral of
India and assets of ShipNow Global Holdings post year end
* 6 new Kewill Trade/Messagebroker contracts in UK retail
* 8 more enterprise level US shipping wins in 2nd half of 2003/4 (6 in 1st
half)
* Improved processes and management strengthened across all business units
Andy Roberts, Chairman of Kewill Systems plc, commented:
"We are delighted that the last year's hard work in a difficult trading
environment has returned the company to profitability. Revenue growth remains a
priority and we are confident that our acquisitions will bolster our
international growth and future development."
Paul Nichols, Chief Executive, added,
"Despite the challenging environment, I am very pleased to report that we have
experienced a year of organic revenue growth in Europe and improved our US
revenue mix. We have kept operations tight and, after 2 tough years, have
returned the business to profitability at Group level. We are confident that we
can build on this progress and our main focus will be to exploit the improving
commercial outlook while keeping an eye open for consolidation opportunities."
hampi_man
- 09 Nov 2004 13:10
- 4 of 4
Has anyone any input on todays results