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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Chelford | LSE:CHR | London | Ordinary Share | GB00B02TW537 | ORD 100P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 207.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:4261G Chelford Group PLC 19 July 2006 FOR IMMEDIATE RELEASE 19 July 2006 Chelford Group plc HALF YEAR PERIOD-END TRADING UPDATE Chelford Group plc ("Chelford" or the "Group"), the IT solutions group, today provides an update on its performance for the six months to 30 June 2006. During the first half year, Chelford achieved growth in revenue of over 30 per cent. and continued to be cash generative during the period. However, due to a significant over-run on a fixed price contract within the SAP Division and delays in potential Q2 contracts moving into Q3 reducing licence revenue, profit for the period was below the comparable period last year. The Board anticipates improved operational performance in the SAP Division and strong growth in Group profit during the second half year, based on order books at the end of June which are over 40 per cent. higher than for the same period last year. The Board anticipates that revenue will be in line with current market expectations; profit before taxation as a result of the factors outlined above is expected to be below market expectations, although the Group's trading performance for 2006 will be significantly ahead of the year ended 31 December 2005. New customers signed by the Group in the period include Almac Sciences, Meadowbrook Foods, LDH, Taylors of Harrogate, Henry Schien, Beam Global, Indigo Lighthouse, Beko and Telesoft. After #0.5 million of deferred payments in the first half relating to acquisitions completed in 2005, net cash at 30 June 2006 was #1.1 million (31 December 2005: #0.9 million). Interim results announcement In accordance with its usual timetable, Chelford expects to announce its results for the six months to 30 June 2006 in mid-September 2006. About Chelford Chelford Group plc, the IT solutions group is headquartered in Basingstoke, Hampshire and its shares are quoted on AIM ( stock code: CHR). Chelford provides specialist systems solutions for its target markets based upon its own IPR, SAP, Microsoft and RFID technologies. For further information, please contact: Trevor Lewis, Chief Executive 01256-685400 Steve Liebmann at Bankside 020-7367-8883 This information is provided by RNS The company news service from the London Stock Exchange END TSTSFMFFUSMSEEW
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