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Home arrow Investor Relations arrow RNS Announcements arrow 2004 arrow Preliminary Results for the year ended 31 March 2004
Preliminary Results for the year ended 31 March 2004    01/06/04 Print E-mail
Eckoh Technologies plc

Preliminary announcement

“Significant increase in Speech Solutions turnover and new contracts announced”

Twelve months ended 31 March 2004

  • Total turnover up 13% to £62.5m (2003 – £55.1m) – includes £17.8m from acquisitions
  • Reduction in operating loss* from continuing operations to £0.6m (2003 – £1.9m)
  • Pre-tax losses reduced by £8.0m to £1.1m
  • Speech Solutions turnover up 59% to £3.2m, gross profit up 86% to £1.7m with margins increasing to 53% (2003 – 46%)
  • Successful acquisition and integration of Intelliplus Group plc (“Intelliplus”)
  • £10.2m of cash and short-term investments at year-end
  • EBITDA before exceptional items and restructuring costs of £0.8m (2003 – £1.2m)

Six months ended 31 March 2004

  • Operating profit* of £0.1m compared to £0.7m loss in H1
  • Speech Solutions turnover up 86% to £1.8m from H2 2003
  • Disposal of trade investment in Rivals Digital Media Limited to UK Betting plc for £0.7m
  • Exceptional gain of £0.6m on settlement of loan acquired with Intelliplus
  • EBITDA before exceptional items and restructuring costs of £0.7m (2003 – £0.7m)
  • Extension of exclusive BT speech alliance to December 2006
  • Appointed as IVR telephony partner to ITV from March 2004
  • Won £6m of new Speech Solutions business over 3 years
Current Developments

  • Eckoh/BT speech alliance announced 3-year speech contract with UGC Cinemas in April 2004
  • Delivered speech recognition based cinema information service to Vue (formerly Warner Village Cinemas) during May 2004
  • Agreement to deliver a speech-enabled share price service to the London Stock Exchange from June 2004
 
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