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Mike Grenham, Head of Sports Information, William Hill
Mike Grenham, Head of Sports Information, William Hill
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| 2006 Prelims & Recommended cash offer for Symphony 27/06/06 |
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Financial Highlights • Group turnover increased by 59% to £127.1m (2005 - £79.7m) • Adjusted PBT* increased to £2.3m from £0.8m. Profit before taxation £1.1m (2005 - loss £9.4m) • Profit for the year of £1.3m (2005 - loss £9.4m) • Cash and short-term investment balances total £12.7m (2005 - £13.3m) Operational Highlights • Recommended cash offer of 54.5p per share for Symphony Telecom Holdings plc by Redstone plc • 5-year contract with National Rail Enquiries for new TrainTracker™ service • Contract renewal with ITV and new contract with “participation TV” channel ITV Play until Sept 2007 • New Speech contract wins with Parcelforce, Empire Cinemas, Hitachi Capital and DEFRA • Internal reorganisation to merge Speech Solutions and Client IVR divisions under the “Eckoh” brand, and to re-brand the Advertised IVR Services division as “Connection Makers” as part of the ongoing strategic review • BT Alliance extended until 2010 * before intangible asset amortisation and impairment, exceptional items and discontinued operations (note 6) Martin Turner, Chief Executive Officer, commented today: “The last twelve months have witnessed a considerable period of change for the Group. We have made fundamental changes to our organisational structure coupled with some strategic disposals. The £17.3m all cash offer by Redstone plc to acquire Symphony will provide a satisfactory realisation of our 64.64% shareholding in Symphony, while significantly increasing the Group’s cash resources. The Group remains confident in the financial and trading prospects for the current financial year and we are continuing to review a number of strategic options and will update the market at the appropriate time.” For further enquiries, please contact Eckoh Technologies plc Martin Turner, Chief Executive Officer Nik Philpot, Chief Operating Officer Adam Moloney, Group Finance Director www.eckoh.comTel: 08701 100 700 Buchanan Communications Mark Edwards/Jeremy Garcia Tel: 020 7466 5000 |
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