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Thursday 01st of September 2016

Stilo International PLC - STL Interim Results

By Aim Listing

FINANCIAL PERFORMANCE

  • Sales revenues for six months to 30 June 2016 increase by 11% to £874,000 (2015: £784,000)
  • Increase in EBITDA* by 11% to £184,000 (2015: £166,000)
  • Operating costs, net of capitalised development costs, £691,000 (2015: £617,000)
  • Cash position increased by 30% to £1,393,000 as at 30 June 2016 (2015: £1,072,000)
  • Payment of an increased interim dividend of 0.04 pence per share (2015: 0.03 pence per share)                                                                                 

 * EBITDA comprises profit before taxation, interest, depreciation and the amortisation of software development costs.

 

BUSINESS HIGHLIGHTS

  • Increase in OmniMark revenues offset by reduction in Migrate sales
  • Migrate customers for the period include Dell, Locamation, Informatica, Teradata, Qualcomm and Silicon Labs
  • Significant OmniMark software orders received from Toshiba Solutions (Japan) and the European Parliament
  • Recurring OmniMark maintenance revenues increase by 7%   
  • Successful initial deployment of AuthorBridge by central Information Developer Tools team at IBM.

David Ashman, Chairman, commenting on the Company's performance, stated: Our trading results for the first half of 2016 showed an overall improvement over the previous year, as an increase in OmniMark sales was offset by a reduction in Migrate revenues.

It was very pleasing to see the successful initial deployment of AuthorBridge in a production environment at IBM during June 2016. It represents a significant milestone for Stilo and serves as a very influential reference account for future sales into the XML DITA authoring tools market.

The Company remains un-geared, and with a continued improvement in our cash position, growth in both revenue and profits, and continued advances in the development of our technology, I am pleased to announce the declaration of an increased interim dividend of 0.04 pence per share.

Further details about STILO INTL click here