Investors
Regulatory Announcements
Preliminary results for the year ended 31 December 2005
Gresham, provider of enterprise software and solutions, announces its preliminary results for the year ended 31 December 2005. The main results highlights are as follows:
-
Amendment to agreement with Cable & Wireless (announced today)
Continuing progress with Cable & Wireless Real Time Nostro ("CWRTN") service since January update
2 new banks including a top ten bank have agreed to take the RTN Direct service (total now 4); A new subscriber for the Browser service (total now 4, with 10 trialling); and 2 new major European banks now providing data to the service (total now 20)
Revenue at £14.0m (2004: £12.4m) and loss before tax of £1.2m (2004: £1.1m loss)
Cash ahead of expectations £2.0m at year end
2005 |
2004 |
|
Revenue |
£14.0m |
£12.4m |
Trading loss |
£(1.4)m |
£(1.3)m |
Loss before tax |
£(1.2)m |
£(1.1)m |
Attributable to equity holders of the parent |
£(1.1)m |
£(0.8)m |
Loss per share (pence) |
(2.20)p |
(1.54)p |
Andrew Walton-Green, Chief Executive Officer of Gresham, commented:
"Today's amendment to our agreement with Cable & Wireless represents a significant opportunity for Gresham and comes at a pivotal time for the CWRTN service. Since our last update to the market at the end of January, we have seen two more major banks agree to take the Direct subscriber service and another take the Browser service. Trading has started well in the current year and we anticipate improved trading overall in 2006."
For further information, please contact:
GreshamComputing plc +44 (0)207 653 0228
Andrew Walton-Green, Chief Executive Officer
Financial Dynamics +44 (0)207 831 3113
James Melville-Ross
Cass Helstrip