07 October 2008
Financial

Investor Relations


The Board of ANS Group, the Plus-quoted leading IT and Telecoms Solutions provider, is pleased to announce its Final Results for the year ended 31 March 2008, a period that has seen continual improvements throughout all aspects of the Group.

On 3rd December 2007 we announced our Interim Results for the six month period ending 30th September 2007 ahead of its forecasted timetable. The board is pleased to report a 91% uplift in operating profit for the six-month period.

The Board is also pleased to announce an interim dividend payment of 1.25p per share (0.75p 2006). The interim dividend will be paid by 31 January 2008 to members on the register as at 21 December 2007.

HIGHLIGHTS

  • Revenues up by 64% to £10.29m (2007:£6.28m) exceeding £10m for the first time
  • Pre-tax profits up 120% to £1.4m (2007:£0.6m)
  • Second interim dividend payment of 2.75p (2007:1.65p)
  • EPS growth of 155% to 10.5p (2007:4.12p)
  • Cash reserves £2.2m (2007:£1.69m)
  • Annualised recurring revenues now at £3.2m (2007:£2.0m)
  • Acquisition of RSS on partial disposal of Smart Identity PLC and RSS Web Ltd
  • Successful flotation of Smart Identity PLC on Plus Markets raising £750,000
  • Successful Completion of both Cisco Silver Accreditation (March 2008) and Cisco Gold Accreditation (July 2008)
  • Unique position of being the only reseller in the UK who has attained the top level awards with Cisco, Microsoft, Novell and VMware

Scott Fletcher, Chairman of ANS Group, commented:
"I am delighted to report another excellent year of growth for your business for the year ended 31st March 2008. This is the 7th consecutive year that we have been able to report continued, solid and improved financial performance. During the year we have seen an increase in turnover of £4m (64%) to break through £10m revenues for the first time. This has been matched by operating profit growth of 98% to £1.07m. These impressive results are testament to the hard work and dedication of everyone employed in the business as well as the results of certain key strategic decisions taken by your board over the last 18 months"

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