SciSys 1H Trading In Line With Views

LONDON (Dow Jones)--SciSys PLC (SSY.LN), a supplier of bespoke ICT software systems, IT based business solutions and support services to the Media Broadcast, Space, Government & Defence, Environment and Applications Support sectors, said Friday trading for the first half ended June 30 has been in line with expectations and is expected to be consistent with current guidance for 2010 full year. MAIN FACTS: -Company continues to be cash generative. -SciSys has a solid order book but nevertheless remains cautious about the outlook for the second half of 2010 and for 2011 until the outcome of the U.K. Government's public expenditure review and the Strategic Defence and Security Review becomes clearer. -Shares on Thursday closed at 49.5 pence, valuing the company at GBP14.4 million. -By Tapan Panchal, Dow Jones Newswires. Tel +44(0)207-842 9448, tapan.panchal@dowjones.com (END) Dow Jones Newswires July 23, 2010 02:18 ET (06:18 GMT)