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Microgen reports FY pre-tax profit

Source: Microgen

HIGHLIGHTS:

Operating performance slightly ahead of market expectations

Adjusted operating margin* remains strong at 17.9%, ahead of the Board's stated target. All internal research and development costs are expensed as incurred with no capitalisation of development costs.

Profit before tax from Continuing Operations of £4.2 million (2006: loss of £10.0 million)

Revenue from Continuing Operations of £33.3 million (2006: £32.7 million)

Microgen Aptitude gaining significant momentum and market recognition

Strong balance sheet with cash of £18.1 million (2006: £15.3 million)

Fully diluted earnings per share 2.5p (2006: loss per share 10.3p). Adjusted diluted earnings per share 4.5p (2006: 3.0p)

Proposed dividend increase of 33% with final dividend of 1.4p per share making a total of 2.0p for the year (2006: 1.5p) reflecting the confidence of the Board

Read the full statement here:Download the document now 158.9 kb (PDF File)