Financial and Operational Highlights
This was a year of considerable progress in a number of areas, in particular in strengthening our portfolio of specialist product and service solutions for electronic surveillance in difficult or complex environments.
Russ Singleton Chief Executive
Revenue
£'000
Underlying Profit*
£'000
Underlying earnings per Ordinary share
pence
Dividends per share
pence
- Revenue £79.2 million (2007: £66.1 million), with sales to North American gaming sector increasing 27%
- Underlying profit* before tax £3.7 million (2007: £5.3 million)
- Profit before tax £4.4 million (2007: £4.4 million)
- Underlying EPS* 18.9p (2007: 25.9p)
- Basic EPS 21.6p (2007: 21.1p)
- Recurring revenue £14.1 million (2007: £11.5 million)
- Proposed final dividend 4.5p per share making 7.0p for the full year
- Significant increase in product development activities, with successful launch of new product range
- Net cash at 31 May 2008 £7.9 million (2007: £5.6 million)
* 2004, 2005 and 2006 measures of underlying profit and underlying earnings per share are based on previously reported UK GAAP results whereas 2007 and 2008 are presented under adopted IFRS. There is no material difference between the underlying UK GAAP and IFRS calculations. Underlying profit represents profit before tax, goodwill amortisation or goodwill reduction, exceptional items and share-based payments charge. Underlying earnings per Ordinary share is based on profit after tax but before goodwill amortisation or goodwill reduction, exceptional items and share-based payments charge.