Source: Business Control Solutions Group
The Board of Business Control Solutions Group plc ("BCS Group" or "the Company", BCT.L), the provider of consultancy and software control solutions, provides the following update on trading for the year ended 31 December 2007.
The Board is pleased to report that trading is in line with market expectations and is significantly ahead of 2006.
At the time of the interim results in September 2007, the Board announced that it expected continued revenue growth and a return to profitability during the second half of the year. Both achievements were successfully delivered during the second half and, at the year end, the Company had a strong net cash position.
Nigel Walder, BCS Group CEO, commented: "Despite the general uncertainty in the financial services sector, the Company finished the year strongly. We have seen particularly healthy demand for our Consultancy services and we are set to exit the investment phase in our Software division with the launch next month of our strategic, balance sheet control product, Integrity."
Further details will be provided in the preliminary results statement for the full year to 31 December 2007 to be announced on14 March 2008.