[March 21, 2013] Preliminary Results for the year ended 31 December 2012 Tweet Mar 21, 2013 (M2 PRESSWIRE via COMTEX) -- SCISYS PLC ("SCISYS", "the Group" or "the Company"), the supplier of bespoke software systems, IT based solutions and support services to the Media & Broadcast, Space, Government & Defence and Environment sectors, is pleased to announce its Preliminary Results for the 12 months ended 31 December 2012. FINANCIAL HIGHLIGHTS - Adjusted operating profit increased by 13% to GBP2.7m (2011: GBP2.4m) with adjusted operating margin up to 7% (2011: 6%); - Adjusted earnings per share up to 7.1p (2011: 6.8p); - Total revenue down by 7% to GBP39.5m (2011: GBP42.3m) due to reduction in low margin resale activity and foreign exchange movements; - Professional fees revenue of GBP35.6m (2011: GBP36.9m), being in line with 2011 in constant currency terms; - Net cash as at 31 December 2012 at GBP1.2m (2011: neutral); - Annual dividend increased to 1.32p (2011: 1.21p) (subject to shareholder approval at the AGM). OPERATIONAL HIGHLIGHTS - Acquisition of earnings enhancing MakaluMedia Internet and Engineering Services GmbH, adding further capacity, reputation and customers to the SCISYS space business; - Successful completion of the UK digital television switch over project in time for the Olympics. SCISYS has supplied the monitoring and control system to Arqiva, including equipment in some 1500 transmission sites; - Assisted in the launch of Navigation (Galileo for the European Space Agency), Communications (Eutelsat) and Meteorology satellites (MSG and Metop for Eumetsat) as well as working on operations for satellites already in orbit; - BBC: The framework contract continues to deliver further SCISYS dira! radio playout and production systems, notably to the new West1 complex. The BBC successfully trialled a dira! cloud approach to delivering local radio at a fraction of the capital cost of onsite deployment. Known as ViLoR, it won the technical innovation award at the 2012 Radio Academy Festival; - Operational use of the Coal Authority Inferis mapping and reporting system that is used in 25% of all house purchases in the UK. The system won the AGI Innovation and Achievement in Central Government award from the Association of Geographical Information; - Following the purchase of the head office building in 2011, rental income from tenants using unoccupied areas was received in 2012. Commenting on the results, Mike Love, Chairman of SCISYS PLC said: "Although the UK public sector market remains constrained, there is some reason to believe that new opportunities are returning in this market. This, along with the strength of the Group's order book and good pipeline of new opportunities that the Group has in its other markets, gives the Board confidence in meeting market expectations for 2013." For further information: See the RNS statement for full details or contact: SCISYS PLC +44 (0)1249 466 466 Mike Love Chairman David Jones Chief Executive Officer Chris Cheetham Finance Director finnCap (NOMAD & Broker) +44 (0)20 7220 0500 Stuart Andrews/ Henrik Persson Corporate Finance Winningtons Tom Cooper / Paul Vann +44 (0)20 3176 4722 +44 797 122 1972 [email protected] About SCISYS PLC Employing nearly 440 staff, SCISYS is a leading developer of Information and Communications Technology services, e-Business and advanced technology solutions. The Company operates in a broad spectrum of market sectors including Media Broadcast, Space, Government & Defence, Environment and Applications Management sectors. SCISYS clients are predominantly blue chip and public sector organizations. Customers include Environment Agency, the Ministry of Defence, Astrium, Arqiva, Cable & Wireless Worldwide, the European Space Agency, Eumetsat, the BBC, RNLI, National Trust and Transport for London. The Company has UK offices in Chippenham, Bristol and Reading and three offices located in Germany. ((M2 Communications disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.com on the world wide web. Inquiries to [email protected]. [ Back To TMCnet.com's Homepage ]