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First Derivatives first half pre-tax profit doubles

Source: First Derivatives

<b>Interim results for the six months ended 31st August 2005</b> The principal activities of FDP 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 e-business applications.

Financial Highlights

Turnover £2.744 million (2004: £1.722 million) + 59%

Reported Profit before tax £0.651 million (2004: £0.308 million) + 111%

Normalised Profit before tax and amortisation £0.741million (2004: £0.398 million) + 86%

Normalised Earnings per share 4.4p (2004: 2.6p) + 69%
Business Highlights

Continued upturn in activity in the first half of the year

Increased staff utilisation in capital markets activities

Further Kx sales to existing and new customers

Momentum carrying forward in the second half of the year

David Anderson, Chairman of FDP commented: "The growth in business experienced in the second half of the last financial year continued in the first half of the current year and the outlook for the full year is extremely encouraging."