The Australian Bullion Exchange to increase use of Brady

Brady plc (BRY.L), the leading global supplier of trading, risk management and settlement solutions to the metals, energy and softs sectors, announced today that the Australian Bullion Exchange (ABX), based in Brisbane, has extended its use of Brady solutions.  It has added Brady's Order Management Solution to its functionality for its new physical bullion exchange, due to be launched on 4th October.

Brady Half Year Results up by 91%

Financial Highlights:

• Sales revenue up 91% to £8.84 million (H1 2010: £4.63 million) and like-for-like revenue growth of 11%
• Recurring revenues up 168% to £4.78 million (H1 2010: £1.78 million) now comprising 54% of total revenue (H1 2010: 38%)
• EBITDA up 127% to £1.24 million (H1 2010: £0.55 million) and operating profit up 54% to £0.55 million (H1 2010: £0.35 million)
• Earnings per share up 20% to 1.37p per share (H1 2010: 1.14p per share)
• £10.4 million of free cash at 30 June 2011 (equivalent to 19p per share) and no debt