Financial highlights

• Sales revenue up 20% to £7.91 million (FY2006: £6.58 million)
• Operating profit before exceptional costs £1.20 million (FY2006: £0.37 million)
• Operating profit £0.99 million (FY2006: £0.09 million)
• Net operating margins rose to 1.4% to 12.5%
• Pre-tax profit £1.04 million (FY2006: £0.11 million)
• Operating cash inflow of £2.80 million (FY2006: £0.83 million outflow)
• Year end cash balance of £3.00 million (FY2006: £0.12 million); debt free balance sheet
• Basic earnings per share 5.46 pence (FY2006: 0.39 pence)
• Fully diluted earnings per share 5.22 pence (FY2006: 0.39 pence)
• Pre-deferred tax adjusted fully diluted earnings per share of 3.72 pence (FY2006: 0.39 pence)

Operating highlights

• Significant new contract wins during the year included:
  • HSBC Bank plc
  • St James's Place
  • Irish Life
  • Lincoln Financial Group
  • BT plc
• Strengthened relationships with existing clients, including Barclays, Openwork Limited and Home of Choice

Commenting on the results and prospects, Richard Stevenson, Chief Executive, said: We have taken a substantial step forward over the past year. These results are testament to the improvements made by the business and to the efforts of all our employees. The new financial year has started well and in line with market expectations. We look forward to continuing to execute the established strategy to develop a successful, consistently growing, profitable and cash generative business."

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