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Trading Update

17 Feb 2012 07:00

RNS Number : 5840X
IS Solutions PLC
17 February 2012
 

IS Solutions Plc

("IS Solutions" or "the Company")

 

Trading Update

 

IS Solutions (ISL) is pleased to announce that its results for the year ending 31st December 2011 are expected to be in line with market expectations. As forecast in the half year announcement, the beneficial change in business mix experienced in the first half of the year continued throughout the rest of the year, with the drop in product revenues being offset by the increased growth in the managed service and project revenues, resulting in a much stronger gross profit margin. Cash and cash equivalents remained strong throughout the year, even after an increased dividend payment and a further investment in SpeedTrap of £500k in the first quarter, it finished above the £1 million mark.

 

The Preliminary announcement of the Company's results will be made in the week commencing 26th March 2012.

 

 

 

Enquiries:

John Lythall, Managing Director

Fiona Tooley

IS Solutions Plc

IR & Media Relations

+44 (0) 1932 893333

Mobile: +44 (0)7785 703523

www.issolutions.co.uk

Ticker: AIM: ISL

Charles Cunningham/Rose Herbert - Corporate Finance

Stephen Norcross - Corporate Broking

FinnCap

Tel: +44 (0) 207 220 0500

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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