StatPro Regulatory News (SOG)

21 Jul 2006 07:00

Statpro Group PLC21 July 2006 For release at 07.00 a.m. Friday, 21 July 2006 STATPRO GROUP PLC ("StatPro" or the "Group") Half Year Trading Update StatPro Group plc, the AIM listed provider of portfolio analytics solutions forthe global asset management industry, today announces a half year trading updatefor the six months ended 30 June 2006. Highlights: • trading in first half ahead of expectations, reflecting significant increase in new business • two earnings enhancing acquisitions completed in the period • new business pipeline remains at its highest ever level Further to the trading update announced on 17 May 2006 at the time of theCompany's Annual General Meeting, the Board is pleased to report that theCompany has continued to perform well and that trading is ahead of itsexpectations for the first half of 2006. This reflects the significant increase in the level of new business securedduring the first six months of 2006 compared to the same period in 2005 and theincrease in the annualised recurring value of new licences signed in the 6months to 30 June 2006. In addition, the new business pipeline remains at thehighest level it has ever been. The acquisition of Delve Limited completed a year ago and the acquisitions ofALPHAI Pty Limited, announced in April 2006, and Kizen Pty Limited announced inMay 2006, have strengthened the Group's product offering globally and areproviding cross-selling opportunities. The two more recent acquisitions weresuccessfully integrated in the period and are expected to be earnings enhancingin the Company's current financial year. The Company paid its maiden dividend of 0.5 pence per share on 31 May 2006 inrespect of its financial year ended 31 December 2005. Going forward theDirectors intend to maintain a progressive dividend policy reflecting thebalance between the investment needs of the business and the growth inunderlying cash and earnings per share. The Company expects to report its interim results for the six months ended 30June 2006 on Monday, 31 July 2006. Commenting Justin Wheatley, Chief Executive of StatPro Group, said:"We have had a strong first half continuing our excellent track record ofgrowth. This performance reflects StatPro's much improved and broadened productoffering following recent acquisitions and investments. "We therefore remain confident of the Group achieving another year of very solidprogress. The Board continues to look for opportunities to expand the business,whilst consolidating its strong market position as a supplier of portfolioanalytics solutions to the global asset management industry." - Ends - For further information, please contact: StatPro Group plc www.statpro.comJustin Wheatley, Chief Executive 020 8410 9876Andrew Fabian, Finance Director Arbuthnot Securities LimitedTom Griffiths/Neil Kirton 020 7012 2000 SmithfieldReg Hoare 020 7360 4900 Notes to Editors: StatPro Group plc is a leading provider of portfolio analyticssolutions for the global asset management industry. StatPro floated on theLondon Stock Exchange in May 2000 and transferred its listing in June 2003 toAIM. StatPro has grown its revenue from continuing operations from £1.8 millionin 1999 to £10.8 million in 2005. This information is provided by RNS The company news service from the London Stock Exchange