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[05.07.2005]

Alphameric Plc (“Alphameric” or “the Group”) Interim Results for the six months ended 31 May 2005

Results

Turnover for the six months to 31 May 2005 increased by 75% for continuing
operations to £31.5 million (2004: £18.0 million)

Operating profit before taxation, exceptional administrative expenses and the
amortisation of goodwill increased to £4.3 million, up from £1.8 million in
2004.

Earnings per share before exceptional administrative expenses and the
amortisation of goodwill for the period were 3.3 pence per share (2004: 1.0
pence per share).

Basic earnings per share were 2.3 pence per share (2004: loss of 2.1 pence per
share).

The tax charge for the period was approximately 10% of taxable profits and it is
expected that the full year tax charge will equate to approximately the same
percentage charge. The reduced tax charge, against the standard rate of 30%, is
a result of the release of certain provisions following confirmation of the tax
treatment.

Our balance sheet at 31 May 2005 remained strong and we closed the period with
gross cash balances of £8.0 million (2004: £5.0 million). This cash figure is
after the application of a net £5.6 million for acquisitions in the period.

There was an increased level of investment in working capital at the half-year
due to the higher levels of business activity across the Group.


© Alphameric plc 2006

 
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