Return to EDP Homepage Corporate Information from the Electronic Data Processing PLC Group    
 

 

 
 
 
CORPORATE INFO:  
 
Financial Reports  

30th May 2008

Interim results - 6 months to 31st March 2008
  


EDP is a leading IT solution provider to the UK wholesale distribution industry.


Financial Highlights:

Turnover up 5% at £3.47 million (2007: £3.30 million).
   
Adjusted operating profit £505,000 (2007: £90,000) giving an operating margin of 14.5%.
   
Profit before tax £1.23 million including £668,000 profit on disposal of property (2007: £226,000).
   
Hosting revenues represent 19% of total revenues (2007: 16%).
   
Contracted recurring revenues represent 67% of total revenues.
   
Continued R&D investment of £620,000 in first half (£1.3 million in the full year to 30 September 2007).
   
Cash balances £8.0 million reflecting strong operating cash flows and property disposal.
   
Interim dividend maintained at 0.713p per share.
   
Special dividend of 5p per share returns additional £1.23 million to shareholders.

 

Michael Heller, Chairman of EDP, said:

"We continue to see significant competition in the marketplace we address. However, with current levels of demand, in particular for our hosting services and sales intelligence product, I can look forward to the rest of the year with confidence."

For further information please contact:

Julian Wassell
Acting Chief Executive
Tel: 0114 262 2007

Interim Results - 6 months to 31 March 2008 (Word Document).
Full Report & Accounts Year Ended 30 September 2007 (PDF Document).

   
 
To reserve a copy of the 2008 Interim Report and Acccounts, please contact:
Mandy Wharton
 0114 262 2007
 0114 262 1269
 Administration
 
   
 
   
 
     
  © 2008, Electronic Data Processing PLC