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Replacement - Trading Update

20 Apr 2010 10:11

RNS Number : 4570K
Focus Solutions Group PLC
20 April 2010
 



 

 

 

The following amendment has been made to the 'Trading Update' announcement released on

20/04/10 at 7.00 under RNS ref 4328K

 

Correction in second paragraph with respect to previously reported half year cash balance.

 

All other details remain unchanged.

 

The full amended text is shown below.

 

Press Release

20 April 2010

 

Focus Solutions Group plc

 

("Focus Solutions" or the "Group")

 

Trading Update

 

Focus Solutions, a leading supplier of multi-channel distribution solutions to the global financial services industry, today gives an update prior to the Group's Final Results for the year ended 31 March 2010.

 

The Group is pleased to announce that operating profits before exceptional items for the full year and sales revenues will be in line with market expectations, with a strong closing cash position of £2.4 million, down marginally from £2.51 million at the half year.

 

Richard Stevenson, Chief Executive, said: "Focus has had a successful financial year, which is even more impressive considering the economic conditions in the last 18 months. We have continued to deliver on our strategic goals during this time including winning significant new licence sales with organisations such as Tenet, AWD Chase de Vere and Mastek which have further diversified our customer base and grown the proportion of the company's income from licence revenue. We have also been successful in expanding the organisation globally, beyond our traditional UK and Irish markets. In particular our contract win with Mastek expands the Group's reach into North America, Europe, and Asia Pacific.

 

 "We are very optimistic as we head into FY2011 with the strongest pipeline in the Group's history and demand for focus:360° and our supporting services being driven by ongoing regulation, in particular the RDR."

 

The Group will be announcing its Final Results in June 2010.

 

- Ends -

 

For further information:

Focus Solutions Group plc

Richard Stevenson, Chief Executive

Tel: +44 (0) 1926 468300

Martin Clements, Finance Director

www.focus-solutions.co.uk

 

Daniel Stewart & Company plc 

Andrew Edwards / Simon Leathers

Tel: +44 (0) 20 7776 6550

www.danielstewart.co.uk

 

Media enquiries:

Abchurch

Heather Salmond / Joanne Shears / Mark Dixon

Tel: +44 (0) 20 7398 7709

Joanne.shears@abchurch-group.com

www.abchurch-group.com

 

Notes to editors:

 

About Focus Solutions Group plc

Focus Solutions is an established and proven supplier of multi-channel distribution solutions to the global financial services industry.

 

Focus has delivered over 100 complex front office projects with multiple integration points and partners to a blue chip client base including 8 out of the top 10 UK Life & Pension providers, a number of leading bancassurers including the likes of HSBC and Irish Life, significant wealth management players such as St James's Place and a number of mortgage providers. The technology truly enables straight through processing whilst providing an engaging client and adviser experience to submit and service business electronically.

 

focus:360° is at the core of all client implementations providing a single, agile, multi-channel technology platform. Focus has brought together three key areas of expertise: software, consultancy and service delivery. This totally integrated approach means clients can distribute any product across any channel. At the same time they can maintain an enterprise-wide view of the customer value and risk.

 

For further information on Focus, please visit www.focus-solutions.co.uk

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
TSTSEMSUSFSSESL
Date   Source Headline
19th May 20087:00 amRNSHolding(s) in Company
31st Mar 20087:01 amRNSContract Win Trading Update
3rd Mar 20087:01 amRNSContract Win
26th Feb 20087:00 amRNSContract Win
7th Dec 20077:00 amRNSInterim Results
26th Nov 20077:00 amRNSNotice of Results
23rd Nov 20077:00 amRNSChange of Adviser
12th Nov 20077:00 amRNSRe Contract
17th Oct 20073:22 pmRNSTotal Voting Rights
12th Oct 20077:00 amRNSTrading Statement
16th Aug 200711:12 amRNSAIM Rule 26
2nd Aug 20077:00 amRNSAGM Statement
23rd Jul 20077:00 amRNSRe Contract
12th Jul 200711:58 amRNSGrant of Options
6th Jul 20077:00 amRNSGrant of Options
14th Jun 20077:01 amRNSContract
12th Jun 20077:01 amRNSFinal Results
8th Jun 20077:01 amRNSFocus launches CRM solution
1st May 20077:01 amRNSNotice of Results
20th Apr 20075:00 pmRNSDirector/PDMR Shareholding
26th Mar 200712:41 pmRNSDirector/PDMR Shareholding
20th Mar 200712:16 pmRNSHolding(s) in Company
20th Mar 200710:20 amRNSTVR & Additional Listing
20th Mar 200710:15 amRNSAdditional Listing
13th Mar 20077:01 amRNSTrading Update
28th Feb 20074:29 pmRNSDirector/PDMR Shareholding
27th Feb 20075:13 pmRNSTotal Voting Rights
22nd Feb 20079:00 amRNSNew Licence Agreement
30th Jan 20078:42 amRNSHolding(s) in Company
29th Jan 20075:32 pmRNSHolding(s) in Company
16th Jan 200710:34 amRNSTotal Voting Rights
11th Jan 200711:42 amRNSAdditional Listing
4th Jan 20075:10 pmRNSDirector/PDMR Shareholding
21st Dec 20061:44 pmRNSRe Contract
21st Dec 200611:39 amRNSTotal Voting Rights
14th Dec 20064:17 pmRNSAdditional Listing
11th Dec 20067:25 amRNSRe Contract
5th Dec 20067:48 amRNSInterim Results
29th Nov 20069:52 amRNSNotice of Results
27th Nov 20067:01 amRNSRe Contract with HSBC
13th Nov 20067:01 amRNSRe Contract Renewal
7th Nov 20067:00 amRNSRe Contract
30th Oct 20061:50 pmRNSRe Contract
6th Oct 200612:32 pmRNSDirector Shareholding
13th Sep 200610:03 amRNSDirector/PDMR Shareholding
8th Aug 20068:34 amRNSDirector Shareholding
7th Jul 20063:08 pmRNSDirectorate Change
28th Jun 20069:16 amRNSDirector/PDMR Shareholding
23rd Jun 20062:42 pmRNSDirector/PDMR Shareholding
22nd Jun 20069:08 amRNSDirector/PDMR Shareholding

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