Corero Network Regulatory News (CNS)

3 May 2005 15:30

Mondas PLC03 May 2005 Mondas plc ("Mondas" or "the Company") Trading Update Following record-breaking revenues in the second half of the financial yearended 30 April 2005, Mondas is pleased to announce that it achieved revenue forthe financial year of approximately £4,550,000. This is the Company's best eversales performance and the directors now expect a profit for the year, beforetaxation, exceptional items and amortisation charges, in the region of £50,000.This result, which is the first profit in the history of the Company, compareswith a loss of £807,000 in the year ended 30 April 2004 and follows a loss of£533,000 in the six months ended 31 October 2004, on the same basis. Theimprovement was achieved through strong revenue growth in the banking andsecurities division, improving margins in the Resource business unit and reducedcentral costs. The Company's balance sheet has strengthened significantly since31 October 2004 and cash balances at 30 April 2005 were approximately£1,000,000. Mondas expects to announce its results for the year ended 30 April 2005 in July2005. Enquiries: Mondas plc Jarlath McGee (Chief Executive) 020 7392 1300Ian Selby (Finance Director) College Hill 020 7457 2020Matthew Smallwood/Clare Warren This information is provided by RNS The company news service from the London Stock Exchange