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13 March, 2008

Sales Revenue increased by 23%

13 March 2008, Brady plc ('the Group'), the leading supplier of software solutions for global commodity trading, announces its preliminary results for the twelve months to 31 December 2007.

 

  • Sales revenue at £5.7 million increased 23% over the 2006 level of £4.6 million
  • Three significant new Trinity licence agreements signed in 2007 and four clients have gone live
  • Profit before taxation of £0.6 million after reorganisation costs
  • Proposed final dividend increased by 10%
  • Strong balance sheet with £6.0 million of cash resources compared to £4.9 million at 31 December 2006 and £6.7 million at 29 February 2008
  • Board enhanced since 31 December 2006 with new Chairman, three Non-Executive Directors, Chief Executive Officer and Finance Director
  • Positive market conditions outlined in the last interim results remain as expected
  • Group has completed its internal re-organisation and is now well positioned to capitalise on the market opportunity

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