28 May 2009 07:00
SciSys plc
TRADING STATEMENT
SciSys plc, AIM stock code: SSY, ('SciSys' or the 'Company') - the supplier of bespoke software systems, IT based solutions and support services to the media broadcast, space, defence, public and transport sectors is releasing the following trading statement ahead of its AGM today.
Recent contract wins at the Environment Agency and the BBC highlight the Company's momentum and underpin the Company's positive outlook for 2009 and beyond. The broader environment remains uncertain but the Company continues to show healthy utilisation levels, a solid order book and a steady flow of repeat business from established clients. The cash position and balance sheet remain strong and the Company enjoys a supportive relationship with its bankers.
The Directors are pleased to report that they currently anticipate that results for the first half of 2009 will be consistent with market expectations for the full year. Given the Company's stronger balance sheet, and subject to continued satisfactory trading, it is the Directors intention to reinstate a progressive dividend policy commencing with the declaration of a modest interim dividend payment in September 2009.
For further information please contact:
| SciSys plc | ||
| Mike Love | Executive Chairman | Tel : +44 (0) 1249 466 466 |
| Chris Cheetham | Finance Director | |
| Winningtons | Tom Cooper | Tel : +44 (0) 797 1221972 |
| Canaccord Adams | Simon Bridges | Tel : +44 (0) 20 7050 6500 |