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Home arrow Investor Relations arrow RNS Announcements arrow 2005 arrow Eckoh Technologies plc Preliminary announcement
Eckoh Technologies plc Preliminary announcement    07/07/05 Print E-mail
Eckoh Technologies (“Eckoh”), one of Europe’s largest speech application service providers, today announced preliminary results for the year ended 31 March 2005.

Financial Highlights

  • Turnover from continuing operations up 32% to £79.7m (2004 - £60.2m)
  • Adjusted profit before taxation to £0.9m (2004 - loss £0.2m)
  • Loss before taxation of £9.4m (2004 – loss £1.1m)
  • Speech turnover up 56% to £5.0m (2004 - £3.2m)
  • Cash and short-term investment balances up £3.1m to £13.3m (2004 - £10.2m)
Operational Highlights

  • Acquisition of Anglia Telecom Centres Limited for up to £10.0m
  • New commercial contracts with ITV, IPC Magazines, Ideal Shopping Direct, NIE and Three Valleys Water
  • Good trading performance in key areas of operation

Martin Turner, Chief Executive Officer, commented today:

“Annual turnover from continuing operations increased 32% to £79.7 million, profit before taxation (excluding goodwill charges and exceptional items) was £0.9 million and year end cash balances increased by £3.1m to £13.3 million.

Despite these improvements in financial and operating performance, the Board believes that Eckoh’s current share price does not fully reflect the value of its constituent businesses, and is therefore committed to pursue a strategy to unlock value for Eckoh shareholders.”

For further enquiries, please contact

Eckoh Technologies plc
Martin Turner, Chief Executive Officer
Nik Philpot, Chief Operating Officer
Adam Moloney, Acting Group Finance Director
Tel: 08701 100 700
www.eckoh.com

Buchanan Communications
Mark Edwards/Jeremy Garcia
Tel: 020 7466 5000
 
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