Investors

Site Search

Final Results 13 Sept 2005

System C Healthcare plc ("System C"), a leading independent provider of IT implementation solutions for the UK healthcare sector, announces its results for the year ended 31 May 2005.

Financial highlights

Unaudited

2005

Audit ed

2004

Turnover

£18.2m

£5.6m

Profit/(loss) before tax and exceptional items

£3.5m

£(1.2)m

Profit/(loss) before tax

£2.5m

£(2.2)m

Operating cash inflow/ (outflow)

£4.2m

£(2.3)m

Adjusted earnings/(loss) per share - basic1

Adjusted earnings/(loss) per share - diluted1

3.48p

3.08p

(1.59)p

(1.59)p

(1) These EPS figures are calculated prior to the issue of 18,518,519 new shares issued persuant to the flotation which occurred after the year end.

Operating highlights

• Strong move to profit before tax of £2.5m (2004: loss £2.2m)

• Placing and admission to AIM in June 2005 raises net £8.4m for investment

• Significant investment in staff capability to create one of the UK\'s largest teams of dedicated healthcare IT specialists

• Successful delivery on first full year of our major contracts with Local Service Provider partners ("LSPs") on the National Programme for IT ("NPfIT")

Commenting on the results, Jim Horsburgh, the Chairman said: "I am delighted to be able to report on a strong set of results. System C has made great progress in the delivery of IT products and implementation solutions in the UK\'s healthcare sector.

It is particularly pleasing to be able to announce these maiden results following our flotation on AIM in June, which raised £8.4m of net proceeds for the company.

We have created a strong team at System C and have increased our resources to deliver future business requirements and have developed a culture which is founded on delivery and a passion for what we do. With the increasing market awareness of System C's track record and capability, we are in a strong position to continue our growth."

Enquiries:

System C Healthcare plc
Jim Horsburgh , Chairman              01622 691616
Ian Denley, Chief Executive

Maitland                                             020 7379 5151
Neil Bennett
Brian Hudspith


Print this page

Did You Know?

Did you know?

System C works within the English National Programme for IT in 4 out of the 5 regional clusters