.4 Jul 2016 08:17
Revenues up 44% year on year included:
o Strong organic growth of 28%
o First time contributions from the trade and assets of DCS Systems Ltd ("DCS") and Route Monkey Holdings Ltd ("RML") which were acquired in the year
o Recurring revenues up 49% to £8.31m
· Orders received up 29% year on year (organic basis)
· Net debt+ of £1.09m (2015: net cash £0.60m), following £10.4m acquisition cash spend, £6.0m equity placing and strong cash flow and conversion
· Maiden final dividend of 2 pence per share to be proposed