Financial Highlights
Turnover up 6% to 10.0m (H1 2009: 9.5m)
Adjusted pre-tax profit up 37% to 1.0m (H1 2009: 752k)
Net cash inflow from operating activities for the period was 1.3m (2009: 2.2m). Cash balance at 30 June 2010 was 9.2m (7.0m at 30 June 2009)
Interim dividend increased by 38% to 0.2p per share (H1 2009: 0.145p), reflecting strong cash generation and confidence in future growth opportunities
Operational Highlights
Bursa Malaysia selects Patsystems to provide a new order management system to support regional growth plans
Patsystems new global ASP solution, XConnect, gains immediate traction with Terra Futuros in Brazil, Unicom and Phoenix Securities in Japan and Okachi in Hong Kong adopting the hosting service
The number of new business opportunities and the overall value of the sales pipeline is significantly ahead of the prior year
I am delighted by our achievements in the first half of this year, says Richard Last, Chairman, of Patsystems. Bursa Malaysia selecting our order management system and the Indonesian Commodity and Derivatives Exchange successfully launching new contracts with our exchange solution are both testament to our strength in the Asia Pacific region. Our continued growth in emerging markets, a strong sales pipeline and this years deployment of our new global ASP solution, XConnect, will support sustained growth in 2011 and beyond.
D.C.