RNS Number : 5044M
Atlantic Global PLC
30 January 2009
|
Press Release
|
30 January 2008
|
Atlantic Global Plc
('Atlantic Global' or 'the Company')
Trading Update
Atlantic Global Plc, the specialist provider of Project Portfolio Management ('PPM') software applications, announces a trading update following its 31 December 2008 financial year end. It is expected that the Company's preliminary results for the financial year ended 31 December 2008 will be announced on 24 March 2009.
Trading Results
The Directors expect that turnover for 2008 will be approximately £2.2m (2007: £2.3m).
It is expected that the profit before tax for the year will be not less than £400,000 (2007: profit £286,000).
The Company has already secured approximately 60% of its budgeted 2009 support and maintenance revenues. As at the year end, the Company had on order over 30% of budgeted consultancy and development service revenues for 2009, which represents a strong order book going forward.
Atlantic Global's net cash position as at 31 December 2008 amounted to £2.16m (2007: £1.55m).
In the absence of unforseen circumstances, the Directors will be proposing a dividend of no less than 0.4p per share in respect of the financial year ended 31 December 2008.
- Ends -
For further information please contact:
|
Daniel Stewart & Company plc
Lindsay Mair / Simon Starr
|
Tel: +44 (0) 207 776 6550
|
Media enquiries:
Notes to editors
Atlantic Global develops and implements business management solutions designed to manage businesses people, project and customer relationship management processes. The solution includes four intuitive, easy to use modules. Time & expense management, project management, project portfolio management and customer relationship management. A key aspect of the Atlantic Global Solution is cost control through better strategic planning, accurate cost capture and improved resource utilisation.
Atlantic Global is widely recognised by software industry analysts as being in the top 25 vendors within the emerging Project Portfolio Management (PPM) market. More specifically, it is one of only two European organisations included in Gartner's 'Magic Quadrant' for PPM.
Atlantic Global's software has been designed to be scalable to all organisations no matter what size or complexity. Our customer base ranges from SMEs to Global 1,000 organisations and includes: Aircom International; Bank of Tokyo; GlaxoSmithKline; Norwich Union; Aviva; Provident Financial; Kingston Communications; The National Assembly of Wales; Tiscali, Capita National Strategies and Virgin Mobile.
Atlantic Global successfully launched an OnDemand (Software As A Service) product in October 2008. The further development and sale of this product remains a key strategy for 2009 and beyond.
Founded in 1993, Atlantic Global is headquartered in West Yorkshire, England. It listed on the Alternative Investment Market of The London Stock Exchange (AIM) in June 2001.
This information is provided by RNS
The company news service from the London Stock Exchange
END
TSTSEUFUUSUSEFF