First Derivatives H1 pre-tax profit jumps
The principal activities of First Derivatives plc ('FDP' or the 'Company') are the provision of a range of support services to the investment banking market and the derivatives technology industry and the provision of its own range of niche banking applications.
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Financial Highlights
- Turnover £ 5.641 m (2006: £4.178 m) +35%
- EBITDA £2.116 m (2006: £1.239 m) +71%
- Pre-tax profit £1.849 m (2006: £1.111 m) +66 %
- Earnings per share 10.2p (2006: 5.9p) +73 %
- Interim dividend 2.3p per share (2006: 1.4p) +64%
Business Highlights
- Further increase in Capital Market and Kx activity
- First sale of FDP software product
- Number of employees now exceeds 100
- Admission to the IEX market of the Irish Stock Exchange
- Improved performance expected to continue during the second half
David Anderson, Chairman of FDP commented "We are extremely pleased to report further progress in the first half of the year and the Company expects to be able to report further progress for the full year."
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