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Final Results for the Year Ended 30 June 2015

  • Created on the 5 August, 2015.
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05/08/2015

(“Arcontech”, the “Company” or the “Group”)

Final Results for the Year Ended 30 June 2015

Arcontech (AIM: ARC), the provider of products and services for real-time financial market data processing and trading, is pleased to announce its final audited results for the year ended 30 June 2015.

Financial highlights

• Revenue increased 8% to £2.13m (2014: £1.98m)
• Profit before tax of £243,660 (2014: loss of £35,565)
• Cash balance of £1.07m (2014: £733,676)
• Basic earnings per share of 0.023p (2014: 0.004p)

Operational highlights

• Expanded customer base with a new business from a U.S based international investment bank and a regional German bank
• Growth in revenues from existing clients by building new solutions and improving some existing ones
• Continued investment in R&D to develop new solutions for existing and new clients

Commenting on the results, Richard Last, Chairman of Arcontech said: “Arcontech has a healthy pipeline of qualified prospects and although the lead time to a sale continues to be unpredictable, once a sale is completed we invariably have a long and positive relationship supported by annual recurring licence fees.  Despite the challenges presented in the year under review, with a broadening product range and customer base, we are both positive and confident as to Arcontech’s prospects.”

Enquiries:

Arcontech Group plc
Richard Last, Chairman and Non-Executive Director 07713 214484
Matthew Jeffs, Chief Executive 020 7256 2300

finnCap Ltd (Nomad & Broker)
Carl Holmes/Simon Hicks 020 7220 0500

To access more information on the Group please visit: http://www.arcontech.com