Clarity Commerce FY Pretax Profit GBP1.9M On Revenue GBP19.1M

28th Jun 2010 08:10

LONDON (Dow Jones)--Clarity Commerce Solutions PLC (CCS.LN), a supplier of software solutions for the hospitality, retail, leisure and entertainment sectors,said Monday that for the year ended March 31, it made a pretax profit of GBP1.9 million on revenue of GBP19.1 million. MAIN FACTS: -Results ahead of market expectations with strong performance across Group -67% increase in profit before tax and amortisation to GBP1.9 million (2009: GBP1.1 million). -Amortisation of GBP0.4 million (2009: GBP0.6 million). -8% increase in revenues to GBP19.1 million (2009 GBP17.7 million) - of which 30% is recurring -Strong net cash position of GBP1.3 million (2009: GBP0.5 million), being cash and cash equivalents less bank loans -Earnings Per Share from continuing operations increased to 5.68 pence (2009:1.47 pence) -Earnings Per Share from continuing operations (excluding deferred tax credit of GBP0.7 million) 3.63 pence -Board confident of continuing progress -Remains the policy of the Board to invest for the growth that, when achieved, would bring both capital enhancement and dividend returns to shareholders. -Shares at 0708 GMT up 3.5 pence, or 9.9%, at 39.0 pence. -By Iain Packham, Dow Jones Newswires; 44-20-7842-9269; [email protected] (END) Dow Jones Newswires June 28, 2010 03:10 ET (07:10 GMT)