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