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financial summary

key highlights fy:2009

  • sales revenue up 12% to £9.60 million (fy2008: £8.60 million)
  • profit before tax up 27% to £1.78 million (fy2008: £1.40 million)
  • operating profit before exceptional costs up 17% to £1.71 million (fy2008: £1.46 million)
  • EBITDA before exceptional costs up 26% to £2.01 million (fy2008: £1.59 million)
  • operating profit up 34% to £1.60 million (fy2008: £1.19 million)
  • net operating margins 16.7% (fy2008: 13.8 %)
  • cash of £4.00 million (fy2008: £1.03 million); debt free
  • earnings per share:
           - fully diluted earnings per share 5.26 pence (fy2008: 5.99 pence)
           - adjusted fully diluted earnings per share up 28% to 5.43 pence (fy2008: 4.24 pence)* 

* As a result of the recognition of a deferred tax asset, the Directors consider information on a pre-deferred tax fully diluted earnings per share basis.

income statement

Consolidated income statement for the year ended 31 March 2009

year end - 31
March 2009 (£'000)

year end - 31
March 2008 (£'000)

Turnover

Cost of sales

9,601

(4,477)

8,600

(3,851)

Gross profit

Overheads:

Distribution costs

Adminstrative expenses (including exceptional costs of £106,000, fy2008: £270,330)

5,124

 

(1,075)

(2,449)

4,749

 

(1,170)

(2,388)
(3,524) (3,558)

Operating profit

Operating profit before exceptional costs

Share based payment expense

Aborted acquisition costs

Re-organisation costs

Operating profit after exceptional costs

1,600

1,706

(106)

-

 

1,600

1,191

1,461

(87)

(148)

(35)

1191

Finance income

Finance costs

179

(2)

219

(10)

Net finance income

177 209

Profit before income tax

Income tax

1,777

(54)

1,400

576

Profit for the year 1,723 1,976
Attributable to equity holders of the Company 1,723 1,976

Earnings per ordinary share

Basic

Diluted

 

5.85

5.26

 

6.71

5.99

The operating profit for both years arises from the Company’s continuing operations.

useful links

company information

Head Office address
Cranford House, Kenilworth Road,
Leamington Spa, Warwickshire,
CV32 6RQ

Group website
www.focus-solutions.co.uk

Market cap (millions)
10,515,508 (16th July 09)

Trading System
SEAQ

Market
AIM

Stock Exchange Symbol
FSG

trading information

Primary country
listing

 UK

Status

Full

Segment

AIMI

FTSE Sector

 Software & Computer Services

FTSE Sub Sector

 Software

share information

Focus Solutions Group shares are traded on the
AIM and Plus markets.

No of securities in issue
The Company’s issued share capital consists of
29,633,652 Ordinary Shares with a nominal
value of 10 pence.

Shares not in public hands
41.9% as at 16th July 2009

Restrictions on transfer
There are no restrictions on the transfer of shares.

key financial data - latest results

2009 (£'000) 2008 (£'000)

Turnover

 9,601 8,600

Operating profit

 1,600 1,191

Operating profit before reorganisation costs

 1,706 1,461