23 September 2017
visit www.avoka.com

First Derivatives posts strong full year results

14 May 2008  |  1613 views  |  0 Source: First Derivatives

The principal activities of First Derivatives plc ('FDP', 'First Derivatives' 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.

Financial Highlights
  • Turnover £12.7m (2007: £9.3m) +36%
  • Operating profit £5.2m (2007:£2.6m*) +99%
  • Operating margins of 41.2% (2007: 28.2%*)
  • Pre-tax profit £4.7m (2007: £2.5m*) +86%
  • Earnings per share 23.3p (2007:14.9p*) +56%
  • Net Assets £8.3m (2007: £5.4m*) +53%
  • Final dividend 5.8p per share (2007: 3.6p) +61%
  • Total dividend 8.1p per share (2007: 5.0p) +62%

* figures restated to reflect adoption of IFRS

Business Highlights

  • Strong demand in capital markets activities despite the turmoil across financial markets
  • Now commencing sales of FDP's proprietary products
  • Increased sales of Kx products to both new and existing customers
  • Operating at near to 100% staff utilisation
  • Number of employees rose from 89 to 118

David Anderson, Chairman of FDP commented: "2007/2008 was the sixth year of continuing growth for the Company and the rate of growth during the last financial year has been exceptional. Our outlook for the year ahead is for trading to continue inline with previous trends and the further strengthening of our balance sheet. First Derivatives has had another successful year and we have continued to grow our operations despite the recent turmoil in the financial markets. The pipeline of business from new and existing customers remains strong and the Directors expect to be able to report further progress in the first half of the year."

Read the full statement here:

» Download the document now 66.2 kb (PDF File)

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.vasco.comvisit www.temenos.comvisit www.capgemini.com

Top topics

Most viewed Most shared
HSBC switches on selfie payments in ChinaHSBC switches on selfie payments in China
13083 views comments | 27 tweets | 42 linkedin
AXA launches blockchain to cover late flight compensationAXA launches blockchain to cover late flig...
9100 views comments | 13 tweets | 27 linkedin
Apple P2P payments service nears launchApple P2P payments service nears launch
8456 views comments | 19 tweets | 27 linkedin
SBI Ripple Asia advances on South KoreaSBI Ripple Asia advances on South Korea
8073 views comments | 16 tweets | 1 linkedin
European Commission makes fintech a priority in supervisory shakeupEuropean Commission makes fintech a priori...
7846 views comments | 31 tweets | 45 linkedin

Featured job

circa £250K total package
London

Find your next job