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30th May 2008
Interim results - 6 months to 31st March 2008
EDP is a leading IT solution provider to the UK wholesale distribution
industry.
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Financial Highlights:
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Turnover up 5% at £3.47 million (2007: £3.30
million). |
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Adjusted operating profit £505,000
(2007: £90,000) giving an operating margin of 14.5%. |
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Profit before tax £1.23 million including £668,000
profit on disposal of property (2007: £226,000). |
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Hosting revenues represent 19% of total revenues
(2007: 16%). |
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Contracted recurring revenues represent 67% of
total revenues. |
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Continued R&D investment of £620,000 in first half
(£1.3 million in the full year to 30 September 2007). |
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Cash balances £8.0 million reflecting strong operating
cash flows and property disposal. |
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Interim dividend maintained at 0.713p per share. |
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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).
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To
reserve a copy of the 2008 Interim Report and Acccounts, please
contact: |
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| Mandy
Wharton |
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0114
262 2007 |
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0114
262 1269 |
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Administration
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