Highlights
- Achieved a turnover of £4.753 million (£4.327 million)
- Continuing operations revenue growth of 18.7 %
- Application services grew by 119% to £2.361 million
- EBITDA loss in the period at £2.450 million (2005/6 £2.260 million)
- Cash balance at 31March 2006 was £1.230 million (2004/5 £0.911million). We have also announced a £1.4 million placement subject to an EGM on 31 May
- Grew our application services global banking customer base, including increasing our CME/FX on Reuters customer base to seven global banks
- Successfully launched our TT service in Chicago and now have six customers including two global banks
- Achieved an order book of over £5 million to support the current year revenue
“I am pleased to report another year of progress in delivering our strategy to become the leading provider of application services to the futures industry. With a strong order book, a portfolio of strong service offerings and a customer base of over 40 companies we are well placed to achieve EBITDA profitability.”
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