Access Intelligence 1H Rises To GBP470,000, Skips Dividend

19th Jul 2010 08:02

LONDON (Dow Jones)--Access Intelligence PLC (ACC.LN), which delivers compliance solutions via Software-as-a-Service to regulated industries in the public and private sectors, reported Monday a significant rise in pretax profit for the first half compared with the year ago period and said that it is not proposing to pay a dividend. MAIN FACTS: -Turnover from continuing operations for the half year ended May 31 GBP4.1 million (2009: GBP2.5 million) -EBITDA from continuing operations GBP707,000 (2009: GBP210,000) -Pretax profit GBP470,000 (2009: GBP169,000) -Diluted EPS 0.16 pence (2009: 0.10 pence) -Cash balance GBP2.4 million (2009: GBP714,000) -Board intends to continue growing Access Intelligence both organically and through acquisition, with an emphasis on developing recurring revenues through software solutions with compliance driven needs -Confident of the group's prospects, with new customer wins across all units -Shares on Friday closed at 4.3 pence, valuing the company at GBP10.8 million -By Tapan Panchal, Dow Jones Newswires. Tel +44(0)207-842 9448, [email protected] Order free Annual Report for Access Intelligence PLC Visit http://djnweurope.ar.wilink.com/?ticker=GB0033835264 or call +44 (0)208 391 6028 (END) Dow Jones Newswires July 19, 2010 03:02 ET (07:02 GMT)