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FFastFill plc (‘FFastFill’ or the ‘Company’), the leading provider of application services for the derivatives trading community, announces its interim results for the six months ended 30 September, 2007.
Highlights- Revenue of £4.716 million (2006/7 £2.758 million)
- Overall growth of 71%
- Application Services revenue growth of 127%
- EBITDA profit of £0.490 million (2006/7 EBITDA loss £0.381 million)
- Operating Loss £0.081million (2006/7 £0.849 million)
- Excluding exceptional cost £0.240 million (2006/7 nil)
- An order book for the next 12 months of £10.497 million (2006/7 £6.045 million)
- Application Services order book growth of 104%
- Increase in overall customer base to 71 including 21 Global Banks
- A cash balance of £1.878 million (£1.271 million )
- Successful integration of Exchange Systems Technology Ltd
- Gained several important new customers
Commenting on the results, Keith Todd, Executive Chairman of FFastFill, said: ‘It has been a period of significant progress in which we have successfully integrated Exchange Systems Technology (EST) and also maintained strong organic revenue growth. We now have the capability to start to offer multi-asset class, straight through processing (STP) delivered as a service. We have gained a number of important new customers during the period and have maintained a strong sales pipeline. I am confident of further improvement in the company’s performance in the second half of the year.’
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