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Another Successful Financial Year for ANS Group
2008
Financial Results: Year End March 2008
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.
The highlights from the past year have been;
- 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 08) and Cisco Gold Accreditation (July 08)
- Unique situation of being the only reseller in the UK who has attained the top level awards with Cisco, Microsoft, Novell and VMware
ANS Group Chairman and Founder, Scott Fletcher 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."
For further reading on ANS Group's Final Results, click here