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Highlights 2007
| | Year ended
31 December | Year ended
31 December | | | | 2007 | 2006 | Change | Turnover | £24.07 million | £14.60 million | +65% | Profit before tax | £4.57 million | £1.14 million | +302% | Adjusted profit before tax* | £5.03 million | £2.79 million | +80% | Basic earnings per share | 7.0p | 3.3p | +112% | Adjusted earnings per share* | 7.9p | 6.3p | +25% | Dividend per share – final proposed for year | 1.05p | 0.7p | +50% | Dividend per share – total proposed for year | 1.5p | 1.0p | +50% |
Financial Highlights
- Recurring annualised revenue increased to £20.27 million (2006: £17.66 million)
- Adjusted operating profit margin* increased to 25.0% (2006: 19.7%)
- Strong free cash flow** of £4.39 million (2006: £1.95 million)
- Total dividend increased by 50% to 1.5p (2006: 1.0p)
Operational Highlights
- Acquisition of Initram Data Inc. completed in July 2007
- Integration of North American business completed
- Average number of products for top 30 clients is now 4.5 products per client (2006: 3.7)
- Acquisition of Performa completed in February 2008:
- provider of software to asset managers (product market drivers are GIPS® and MiFID)
- 25 client contracts with recurring annualised revenue of £2.1 million
- Strong cross-selling opportunities to largely UK blue-chip client base
- Value of recurring annualised contracts for Group now over £22 million
Highlights New 1
Note 08
* Adjusted profit before tax, adjusted earnings per share and adjusted operating profit are profit before tax, earnings per share and operating profit after adjustment for amortisation of acquired intangibles and exceptional items (notes 2 (d) and 20 to the financial statements in the Annual Report)
**Free cash flow is defined as cash generated from operations less investment in internally generated intangible assets (note 2 (e) to the financial statements of the Annual Report)
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