Looking better28 Feb 2008 10:44
LONDON (Thomson Financial) - Psion PLC posted a full-year pretax profit up
more than 42 pct, and said Jacky Lecuivre will step down as chief executive with
immediate effect, and it appointed chairman David Potter as interim CEO.
For the year ended Dec 31, the mobile computing services company said pretax
profit was 10.8 mln stg, compared with 7.6 mln last year, while revenues rose
4.8 pct to 199.7 mln stg. It added the results are in line with its
expectations, with an improved performance in revenues, profits and cash.
It said orders in the first two months of the year are strong and the group
is well placed for long-term growth.
Looking forward, the company said it will focus on the new growth markets
based on wide area networks during the next two years, and will reduce its cost
base by expanding its partner network.