Interim results for the six months ended June 30, 2005
September 5, 2005 - Leadcom Integrated Solutions Ltd. (“Leadcom” or “the Company”), the international telecommunications service provider, today reports interim results for the six months ended 30 June 2005.
Financial highlights
|
Six months to 30 June |
2005
US$ 000 |
2004
US$ 000 |
Change
|
|
Turnover |
46,822 |
29,081 |
61% |
|
Gross Profit |
12,916 |
5,750 |
125% |
|
Operating profit |
4,889 |
1,959 |
150% |
|
Normalized Operating Profit |
5,470 |
1,959 |
179% |
|
Net Profit |
4,016 |
414 |
870% |
|
|
|
|
|
|
Earnings per share (basic & diluted) |
¢5 |
¢1 |
400% |
Highlights
- Successful admission to AIM on 7 April 2005
- Gross profits totaled $12.9m, up 125% compared to H1 2004
- Revenues of $46.8m, establishing year on year growth of 61%
- Operating cash flow for the first half of 2005 $2.6m (H1 2004 negative $0.9m)
- Net cash at 30 June 2005 was $1.9m (compared to net debt of $14.5m at 31 December 2004)
- Strengthened strategic partnerships / "Preferred Supplier" with leading vendors eg. Nokia and Ericsson
- Significant new contract awards in Ghana, Tanzania, Ethiopia, Argentina, Colombia and Ecuador
- Penetration into new countries, including Panama and Paraguay, with several pending opportunities in Africa
- Strong order book and pipeline for H2 2005, and FY2006
To the entire PR |
