Microgen 1H Pretax Profit GBP3.7M On Revenue GBP16.1M

22nd Jul 2010 07:38

LONDON (Dow Jones)--Microgen PLC (MCGN.LN), a provider of information technology services and solutions, said Thursday that for the six months ended June 30, it made a pretax profit of GBP3.7 million on revenue of GBP16.1 million. MAIN FACTS: -Revenue from continuing operations of GBP16.1 million (1H, 2009 : GBP13.6 million) representing 19% growth overall with revenue growth of 66% from the Microgen Aptitude Solutions Division. -Recurring revenues increased to GBP8.5 million (1H, 2009 : GBP8.2 million) equivalent to 52% of Group revenue (1H, 2009 : 60%). -Operating profit increased by over 80% to GBP3.7 million (1H, 2009 : GBP2.0 million). -Adjusted operating profit from continuing operations increased by over 50% to GBP3.8 million (1H, 2009 : GBP2.5 million). -Pretax profit GBP3.7 million (1H, 2009: GBP2.0 million) -Basic EPS of 3.1 pence (H1, 2009 : 2.3 pence). -Diluted EPS of 3.0 pence (1H, 2009: 2.2 pence) -Adjusted Basic EPS (excluding intangible amortization and exceptional items) increased to 3.3 pence (H1, 2009 : 2.2 pence). -Cash at June 30 of GBP25.0 million. -Interim dividend increased by 12.5% to 0.9 pence per share (2009 : 0.8 pence per share). -This is the fourth consecutive increase in the interim dividend representing an increase of 80% since 2006. -Whilst the Board remains cautious and prudent, Microgen has delivered another robust operating performance and remains on track to meet the Board's expectations for the year. -Shares closed Wednesday at 82.0 pence. By Iain Packham, Dow Jones Newswires; 44-20-7842-9269; [email protected] Order free Annual Report for Microgen plc Visit http://djnweurope.ar.wilink.com/?ticker=GB0005869531 or call +44 (0)208 391 6028 (END) Dow Jones Newswires July 22, 2010 02:38 ET (06:38 GMT)