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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.
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