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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| D4t4 Solutions Plc | LSE:D4T4 | London | Ordinary Share | GB0001351955 | ORD 2P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 176.00 | 172.00 | 180.00 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Computer Related Svcs, Nec | 21.37M | 2.12M | 0.0533 | 3,302.06 | 6.99B |
From May 2019 to May 2024
TIDMD4T4
RNS Number : 2200J
D4T4 Solutions PLC
27 June 2017
'ALL ABOUT THE DATA'
D4t4 Solutions Plc
(the "Group" "Company" or "D4t4")
Final Results for the year ended 31st March 2017
and Notice of Annual General Meeting
"31.7% increase in PBT delivers 31.2% increase in diluted EPS and 12.5% increase in 2017 dividends"
"48.8% growth in Celebrus sales; geographical reach and business diversity key to our future growth"
London: Tuesday 27 June 2017 D4t4 Solutions Plc (AIM: D4T4) publishes the Group's Annual Report & Accounts for the year ended 31st March 2017 and, a summary is provided below. The Chairman's letter and financial statements for the year ended 31st March 2017 can be read through the following link, http://www.rns-pdf.londonstockexchange.com/rns/2200J_-2017-6-26.pdf
Hot Features
Premium
Financials (audited) Year ended Year ended Year on
31 March 31 March year
2017 2016 growth
------------------------- ----------- ----------- ---------
Revenue
Licence sales GBP3.71m GBP2.97m +24.9%
Projects GBP9.47m GBP10.67m -11.2%
Recurring income GBP4.49m GBP4.97m -9.7%
------------------------- ----------- ----------- ---------
Total revenue GBP17.67m GBP18.61m -5.0%
Gross profit GBP9.86m GBP9.21m +7.1%
GP margin 55.82% 49.52% +6.30bps
Profit before tax GBP4.24m GBP3.22m +31.7%
Adjusted* profit before
tax GBP4.22m GBP3.50m +20.6%
Basic earnings per
share 10.49p 8.17p +28.4%
Diluted earnings per
share 10.02p 7.64p +31.2%
Adjusted* earnings
per share 9.97p 8.24p +21.0%
Dividend for the period 2.25p 2.00p +12.5%
Strong cash generation
- gross cash position GBP6.29m GBP5.00m +25.8%
------------------------- ----------- ----------- ---------
*before amortisation of intangibles, share-based payments charges and foreign exchange gains
Peter Simmonds, Chairman, D4t4 commented:
"During the last twelve months, we have seen a shift in the mix of sales within the Group, with a growth in higher margin licence software sales making a major contribution to the overall profitability of D4t4. Licence new sales have increased due to expansion of our salesforce and continued growth in partners. This, combined with the continued development of our business to the more profitable Analytics projects and associated Recurring revenues has assisted in delivering the overall strong Group profit growth."
"Delivery against our Group's strategy remains on course and, this combined with the current revenue visibility, order book and pipeline of opportunities all bode well for the future. As a result, the Board remains confident in achieving the current management expectations for the financial year 2017/2018 and in the long-term prospects for the Group."
Peter Kear, D4t4's CEO added:
"Over the last year we have made tremendous strides and achieved so much across the business. Our rebranding has given us a fillip and our strategy is delivering and on track. Furthermore, we have ambitious plans to address this fast-growing market we operate within through delivering exciting and innovative product and services that meet customer demand and returns for the business.
"We are confident in our ability to deliver quality Data Management and Data Analytics related solutions to our clients whilst we remain very enthusiastic about the opportunity to become recognised as the leader in the Data collection marketplace through our valuable asset of Celebrus Technologies which has afforded many new opportunities since acquiring it back in 2015."
"With our current activities and pipeline of opportunity mixed with the return in business confidence within our North American customer base post the US elections we are confident in our ability to deliver sustained profitable growth for the Group and long-term value for shareholders."
ENQUIRIES
D4t4 Solutions Plc
Peter Kear, Chief Executive Officer
Carmel Warren, Chief Financial Officer
Tel: +44 (0) 1932 893333
Email: moreinfo@d4t4solutions.com
finnCap (Nominated adviser & broker)
Ed Frisby/Emily Watts - Corporate Finance
Stephen Norcross - Corporate Broking
Tel: +44 (0) 20 7220 0500
TooleyStreet Communications (IR & media relations)
Fiona Tooley:
Tel: +44 (0) 7785 703523
or email: fiona@tooleystreet.com
EDITOR'S NOTE
'ALL ABOUT THE DATA'
D4t4 Solutions Plc
We service clients in over 21 countries and, our
data collection software is running on, more than
25,000 websites.
Our people and intellectual property combine to create
four core capabilities:
v Data collection software (Celebrus) and skills
v Data Management facilities and skills
v Data Analytics capabilities and solutions and,
v Data Solutions that are on premise or in the cloud
and combine hardware, software and services.
We are energetically focused on solutions that enable
clients who operate from within the financial services,
retail, electronics and telecommunications sectors
to get the most from their data. From collection,
through to management and analysis, we provide comprehensive
products and services that drive value from our clients'
information assets.
We are also accredited in ISO27001: Information Security
Management and PCI Data Security Standard.
To find out more, visit www.d4t4solutions.com.
The information contained within this announcement is deemed by the Company to constitute inside information stipulated under the Market Abuse Regulation (EU) No. 596/2014.
The following report is a summary taken from the Company's audited Annual Report and financial statements
for the year ended 31st March 2017.
'ALL ABOUT THE DATA'
D4t4 Solutions Plc
(the "Group", "Company" or "D4t4")
Final Results for the year ended 31 March 2017
Extracts from the Chairman's letter to shareholders:
Introduction
Last year at the AGM in July 2016 shareholders approved the name changeover from IS Solutions Plc to D4t4 Solutions Plc (D4T4) and having planned the process we successfully completed the rebranding of the Group. Today we acknowledge our Company as one that has transitioned to an international business that is totally driven by data, and in delivering value for our clients from their data, continues to bring rewards.
Our Celebrus Technologies software business, which we acquired in 2015, grew strongly throughout the course of the financial year under review; it is pleasing to report that it now represents 28% of Group revenue, up from 18% in the previous year. This strong improvement, combined with our Analytics and Services offerings has enabled D4t4 to increase its footprint in key sectors, particularly the finance, retail, telecommunications and the airline business sectors in both domestic and international markets. Going forward, our focus will remain on the collection, management and analysis of data thereby assisting our clients to derive considerable value from their customer data.
Summary financials for the ended 31 March 2017
D4t4 has had another successful financial year. Our business has delivered profit before tax of GBP4.24 million (2016: GBP3.22m), driven from a 6.3% increase in gross profit margin (GP) to 55.82% which was ahead of market expectations (2016: 49.52%). The Company remains strongly cash generative and this resulted in cash reserves up from GBP5.01m in 2016 to GBP6.29 million at the end of the year under review.
The last twelve months to March 2017 has seen the exciting ongoing evolution of our business into the data and analytics market space with a focus on growing our Celebrus software revenues. We are delighted therefore to see this strategy already paying off evidenced by the year on year growth of 48.8% growth in Celebrus sales. We have been delighted to win a number of significant major contracts with both new and existing customers; we have also invested in our partner-based sales strategy which has resulted in several new partner signings. Additionally, we have extended our partner and pre-sales teams, particularly in the USA and EMEA.
Our Projects business delivered sales in the year of GBP9.47 million, (2016: GBP10.67m). This result reflects two factors; first the American presidential elections caused nervousness within our American client base, with both existing and new clients wanting to see what the outcome of the election would mean to them before committing to new major projects. We are able to report that these concerns appear to be easing and confidence is returning, and those delayed decisions now appear to be moving forward. The second factor was the reduction in projects from one of our major Japanese clients who, due to the liquidation of part of their American business, moderated its overall group spending. Finally, Recurring Revenues from our managed private cloud and software licence maintenance services business delivered income of GBP4.49 million (2016: GBP4.97m). This decrease was due to the discontinued operations from one of our partners resulting in the termination of several of our older style business contracts. During the last year the data and analytics portion of our Recurring Revenues business has continued to grow. We expect this area of our business to return to overall growth during the financial year ending March 2018.
During the last twelve months, we have seen a shift in the mix of sales within the Group, with a growth in higher margin licence software sales making a major contribution to the overall profitability of D4t4. Licence new sales have increased due to expansion of our salesforce and continued growth in partners. This, combined with the continued development of our business to the more profitable Analytics projects and associated Recurring revenues has assisted in delivering the overall strong Group profit growth.
Gross profit in the period was GBP9.86 million (2016: GBP9.21m) whilst profit before tax was GBP4.24m against GBP3.22m in 2016. Administration costs were GBP1.83m (2016: GBP1.99m). Therefore, reported profit from operations is GBP4.29m (2016: GBP3.29m) and profit for the year is GBP3.90m (2016: GBP2.94m) after tax. This includes a foreign exchange gain for the year of GBP0.36m (2016: GBP0.09m. Debtors grew from GBP2.76m to GBP4.27m due to timing of contracts. Inventories held at client premises totalled GBP0.34m (2016: GBPnil) to provide reduction in lead-time and faster provision of service.
Cash and cash equivalents at 31st March 2017 stood at GBP6.29m (2016: GBP5.01m), the increase is due to conversion of current year profits. Total net assets at the end of the year were GBP17.55m compared to GBP14.65m in March 2016.
Adjusted fully diluted earnings per share grew 21.0% to 9.97 pence (2016: 8.24p), unadjusted fully diluted EPS was 10.02 pence (2016: 7.64 pence) up some 31.2%.
Dividend
The Board is recommending a final dividend of 1.7p. Subject to Shareholder approval at the Annual General Meeting which is to be held on 27th July 2017, the final dividend will be paid on 18th August 2017 to Shareholders on the Register at the close of business on 14th July 2017. The Ordinary shares become ex-dividend on 13th July 2017.
As we have previously indicated the Company remains committed to a progressive dividend policy whilst balancing its investments for future growth. It is the Board's intention to declare future dividends based on the overall performance, with appropriate earnings cover in the range of 3-4 times.
The Board remains confident in the future of the business and believes that it has a clear strategy in place to develop the opportunities that will deliver sustainable growth.
People
During the year the Group employed 124 staff in its operations located in India, EMEA and the USA. The Board would like to welcome all new colleagues to the business and to thank everyone for their contribution to another successful year in a working environment that has undergone major transformation and change. Throughout this time our colleagues have demonstrated outstanding efforts and commitment to ensure that we continue to deliver a high level of customer satisfaction for both our Product and Service offerings.
At the last AGM Peter English and Michael Tinling retired from the Board both having been involved with the Company since its formation. The Board thanks Peter and Michael for their contribution and wise counsel over the years and wishes them many years of happy retirement. During Q3 we welcomed Mark Boxall and Matthew Tod to the Board.
As we move on, I look forward to witnessing colleagues 'ongoing development and contribution as we strive to deliver the ambitions of our "All about the Data" message across the globe.
Current trading and outlook
Business intelligence and Analytics remains one of the fastest growth areas in the global IT sector therefore, with our combination of technical "know-how" and business skills we continue to attract more new clients who require services to help with their need to find value in both historical and new customer data.
There will always be macroeconomic factors that no business can fully mitigate against including currency volatility and more recently the possible wider potential implications of BREXIT. We remain confident in the Group's strategy; our underlying business is performing well and delivering against our key KPIs. In addition, the investment and growth in our Indian development and support facility has continued apace; this together with the expansion of our US office and the renewed confidence from our US client base provides us with a platform for further growth and we are well-positioned to exploit opportunities in our key markets and sectors.
In conclusion, delivery against our Group's strategy remains on course and, this combined with the current revenue visibility, order book and pipeline of opportunities all bode well for the future. As a result, the Board remains confident in achieving the current management expectations for the financial year 2017/2018 and in the long-term prospects for the Group.
Peter Simmonds
Non-Executive Chairman
D4t4 Solutions Plc
26th June 2017
Extracts from the CEO's report to shareholders':
I am delighted to once again report a further year of very positive progress aligned with the strategic plan set out by the Board and the rebranding implementation programme launched in April 2016. In 2016, we stepped up our investment in both business development and product development, and at the same time improved gross margins and earnings. The Group has also added notable clients across its markets both locally and internationally including eight banks/financial institutions, a telecoms provider, two international retailers and two business airlines.
Objectives and strategy
As stated last year we have been in the process of extending our Celebrus software products in terms of functionality and by doing so this has enabled the software to be used in other industry verticals. We continue to deliver on our strategy of empowering our clients to gain significant value from their customer data and through this to deliver major uplifts in terms of their revenues and profitability. We are very encouraged to see more and more opportunities to combine our Products and Service offerings to create innovative ways for our clients who require solutions to deal with their data mountains and show them how to modernise and monetise that data.
Key performance indicators
The Group's financial KPIs are revenue, cash, gross profit margin, profit before tax, earnings per share and growth in software sales.
2017 2016
----------------------- ---------- ----------
Revenue GBP17.67m GBP18.61m
----------------------- ---------- ----------
Cash GBP6.29m GBP5.01m
----------------------- ---------- ----------
Gross profit margin 55.82% 49.52%
----------------------- ---------- ----------
Profit before tax GBP4.24m GBP3.22m
----------------------- ---------- ----------
Earnings per share -
adjusted and diluted 9.97p 8.24p
----------------------- ---------- ----------
Earnings per share -
diluted 10.02p 7.64p
----------------------- ---------- ----------
Earnings per share -
basic 10.49p 8.17p
----------------------- ---------- ----------
Celebrus year-on-year 48.80% -
growth
----------------------- ---------- ----------
In 2016/17, five of the six KPIs recorded improvement, with the sixth reflecting revenue which, as previously reported, was adversely affected by a lengthening of data solutions sales cycle: this was due primarily to the unexpected election result in North America which caused a number of client initiatives to be put on hold for a few months. These initiatives are now back underway, and they are expected to bear fruit in the first six months of the financial year ending March 2018.
Outlook
The evolution of our business over the last two years has been significant, however there remains more to be done to complete the transformation of D4t4's business model and to further enhance the Celebrus software offering. We have acquired a strong balance of skills and experience across the management team to lead and drive the business to the next stage in its development. Based on our new focus the Company is well positioned to achieve solid growth powered by its own technology that is aligned to fast growing markets. Therefore, the Board remain confident in its strategy, future prospects and expectations for the Group's full year performance.
Peter Kear
Chief Executive Officer
D4t4 Solutions Plc
26th June 2017
D4t4 Solutions Plc
Summary of Financial Statements
for the year ended 31 March 2017
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
for the year ended 31 March
--------------------------------------------------------------
2017 2016
GBP'000 GBP'000
-------- --------
Continuing operations
Revenue 17,670 18,609
Cost of sales (7,806) (9,395)
-------- --------
Gross profit 9,864 9,214
-------- --------
Distribution costs (3,797) (3,958)
Administration expenses (1,834) (1,985)
Other operating income 55 22
-------- --------
Profit from operations 4,288 3,293
Investment income 1 1
Finance costs (46) (76)
-------- --------
Profit before tax 4,243 3,218
Tax (340) (278)
-------- --------
Profit for the period attributable
to owners of the parent 3,903 2,940
Other comprehensive income:
Items that will not be reclassified
to profit or loss
Gains on property revaluation 47 48
-------- --------
Total comprehensive income for the
period attributable to equity holders
of the parent 3,950 2,988
-------- --------
Earnings per share
Basic 10.49p 8.17p
Diluted 10.02p 7.64p
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY ATTRIBUTABLE
TO OWNERS OF THE PARENT
for the year ended 31 March
Share Share Revaluation Own Equity Retained Total
capital premium reserve shares reserve earnings GBP'000
--------------------- --------- --------- ------------ -------- --------- ---------- ---------
Balance as
at 1 April
2015 708 6,570 228 (80) 1,380 3,057 11,863
--------------------- --------- --------- ------------ -------- --------- ---------- ---------
Dividends
paid - - - - - (380) (380)
Purchase of
own shares - - - (291) - - (291)
Sale of own
shares - - - 348 (40) (257) 51
Issue of contingent
shares 24 548 - - (606) - (34)
Share-based
payments - - - - - 38 38
--------------------- --------- --------- ------------ -------- --------- ---------- ---------
Transactions
with owners 24 548 - 57 (646) (599) (616)
--------------------- --------- --------- ------------ -------- --------- ---------- ---------
Profit for
the year - - - - - 2,940 2,940
Other comprehensive
income - - 48 - - - 48
--------------------- --------- --------- ------------ -------- --------- ---------- ---------
Total comprehensive
income - - 48 - - 2,940 2,988
--------------------- --------- --------- ------------ -------- --------- ---------- ---------
Deferred tax
on outstanding
share options - - - - 206 155 361
Amortisation - - - - - 49 49
--------------------- --------- --------- ------------ -------- --------- ---------- ---------
Balance as
at 1 April
2016 732 7,118 276 (23) 940 5,602 14,645
--------------------- --------- --------- ------------ -------- --------- ---------- ---------
Dividends
paid 1 20 - - 6 (780) (753)
Purchase of
own shares - - - (175) - - (175)
Sale of own
shares 10 205 - 192 (121) (298) (12)
Issue of contingent
shares 16 384 - - (400) - -
Share-based
payments - - - - - 86 86
--------------------- --------- --------- ------------ -------- --------- ---------- ---------
Transactions
with owners 27 609 - 17 (515) (992) (854)
--------------------- --------- --------- ------------ -------- --------- ---------- ---------
Profit for
the year - - - - - 3,903 3,903
Other comprehensive
income - - 47 - - - 47
--------------------- --------- --------- ------------ -------- --------- ---------- ---------
Total comprehensive
income - - 47 - - 3,903 3,950
--------------------- --------- --------- ------------ -------- --------- ---------- ---------
Rate change
on deferred
tax - - - - (45) 30 (15)
Deferred tax
on outstanding
share options - - - - (138) (39) (177)
--------------------- --------- --------- ------------ -------- --------- ---------- ---------
Balance as
at 31 March
2017 759 7,727 323 (6) 242 8,504 17,549
--------------------- --------- --------- ------------ -------- --------- ---------- ---------
CONSOLIDATED BALANCE SHEET
as at 31 March
----------------------------------------------------------------
2017 2016
GBP'000 GBP'000
====================================== -------------- --------
Non-current assets
Goodwill 8,696 8,696
Other intangible assets 1,507 1,754
Property, plant and equipment 2,595 2,615
Deferred tax assets 230 792
-------------- --------
13,028 13,857
-------------- --------
Current assets
Trade and other receivables 4,269 2,757
Inventories 341 -
Cash and cash equivalents 6,290 5,007
-------------- --------
10,900 7,764
-------------- --------
Total assets 23,928 21,621
-------------------------------------- -------------- --------
Current liabilities
Trade and other payables (4,922) (5,045)
Borrowings (421) (397)
-------------- --------
(5,343) (5,442)
Non-current liabilities
Borrowings (780) (1,183)
Deferred tax liabilities (256) (351)
-------------- --------
(1,036) (1,534)
-------------- --------
Total liabilities (6,379) (6,976)
-------------------------------------- -------------- --------
Net assets 17,549 14,645
-------------- --------
Equity
Share capital 759 732
Share premium account 7,727 7,118
Revaluation reserve 323 276
Own shares (6) (23)
Equity reserve 242 940
Retained earnings 8,504 5,602
-------------- --------
Attributable to equity holders of the
parent 17,549 14,645
-------------- --------
CONSOLIDATED CASH FLOW STATEMENT
for the year ended 31 March
-------------------------------------------------------------------------
2017 2016
GBP'000 GBP'000
=================================================== ---------- --------
Operating activities
Profit for the year 3,903 2,940
Adjustments for:
Depreciation of property, plant and
equipment 221 178
Amortisation of intangible assets 247 260
Finance income (1) (1)
Finance expense 46 76
Share-based payments 86 38
Gain on sale of property, plant and
equipment (1) -
Exchange gains on cash and cash equivalents (305) -
Income tax expense 340 278
---------- --------
Operating cash flows before movements
in working capital 4,536 3,769
---------- --------
(Increase) / Decrease in receivables (1,512) 2,032
Increase in inventories (341) -
(Decrease) / Increase in payables (123) 618
--------------------------------------------------- ---------- --------
Cash derived from operations 2,560 6,419
Income taxes paid (26) (69)
---------- --------
Net cash from operating activities 2,534 6,350
---------- --------
Investing activities
Interest received 1 1
Purchase of property, plant and equipment (162) (332)
Net cash used in investing activities (161) (331)
---------- --------
Financing activities
Dividends paid (753) (380)
Repayment of borrowings (403) (411)
Interest paid (46) (76)
Payments to finance lease creditors (8) -
Purchase of own shares (400) (240)
Sale of own shares 215 -
--------------------------------------------------- ---------- --------
Net cash used in financing activities (1,395) (1,107)
---------- --------
Net increase in cash and cash equivalents 978 4,912
Cash and cash equivalents at start
of year 5,007 95
---------------------------------------------------
Exchange gains on cash and cash equivalents 305 -
---------- --------
Cash and cash equivalents at end of
year 6,290 5,007
---------- --------
CERTAIN NOTES TO THE FINANCIAL STATEMENTS
------------------------------------------
GENERAL INFORMATION
D4t4 Solutions Plc is a public company incorporated
and domiciled in England and Wales and quoted on the
AIM Market. The address of its registered office,
registered number and principal place of business
is disclosed on the inside cover of the financial
statements. On 20th July 2016, the Company changed
its name from IS Solutions Plc to D4t4 Solutions Plc.
The preliminary financial information does not constitute
full statutory accounts within the meaning of section
434 of the Companies Act 2006 but is derived from
statutory accounts for the periods ended 31st March
2017 and 31st March 2016, both of which are audited.
The preliminary announcement is prepared on the same
basis as set out in the statutory accounts for the
year ended 31st March 2016. While the financial information
included in this preliminary announcement has been
prepared in accordance with the recognition and measurement
criteria of International Financial Reporting Standards
(IFRS), as adopted by the European Union (EU), this
announcement does not in itself contain sufficient
information to comply with IFRSs.
The statutory accounts for the year ended 31st March
2017 will be delivered to the Registrar of Companies
following the Company's Annual General Meeting and
can be obtained from the investor section of the Company's
website at www.d4t4solutions.com. Statutory accounts
for the period ended 31 March 2016 have been filed
with the Registrar of Companies. The auditor's report
for the year ended 31st March 2017 was unqualified,
did not include a reference to any matter to which
the auditor drew attention by way of emphasis without
qualifying their report and did not contain any statement
under section 498(2) or (3) of the Companies Act 2006.
BASIS OF PREPARATION
The financial statements have been prepared in accordance
with International Financial Reporting Standards (IFRSs)
adopted by the European Union and the Companies Act
2006 applicable to companies reporting under IFRS.
The financial statements have been prepared under
the historical cost convention except for the revaluation
of land and buildings. The presentation and functional
currency of the financial statements is British Pounds
and amounts are rounded to the nearest thousand pounds.
GOING CONCERN The Group and Company's business activities,
together with the factors likely to affect its future
development, performance and position and the risks
and uncertainties are presented in the Strategic Report.
The Group and Company have sufficient financial resources
to cover budgeted future cashflows, together with
contracts with a number of customers and suppliers
across different geographic areas and industries.
As a consequence, the Directors believe that the Group
and Company are well placed to manage their business
risks successfully despite the current uncertain economic
outlook. Having reviewed the future plans and projections
for the business, the Directors believe that the Company
and its group undertakings have adequate resources
to continue in operational existence for the foreseeable
future. For this reason, they continue to adopt the
going concern basis in preparing the financial statements.
BUSINESS AND GEOGRAPHIC SEGMENTS
---------------------------------
The Group has adopted IFRS 8 Operating Segments with effect from 1 January 2009. IFRS 8 requires operating segments to be identified on the basis of internal reports about components of the Group that are regularly reviewed by the chief operating decision maker to allocate resources to the segments and assess their performance. The information presented to the Chief Executive for the purpose of resource allocation and assessment of segment performance is focused on the type of product sold. The principal activity of the Group is split into three categories of product and services sold: - Licence sales, Project work and Recurring revenues.
No allocation of other income and costs to these categories is made because the Directors consider that any such allocation would be arbitrary. Any allocation of assets and liabilities to these categories would also be arbitrary. The reporting below is consistent with that provided to the Chief Executive.
Continuing operations
2017
------------------------ ------- ------- --------- -------
Licence Project Recurring Total
sales work revenues
GBP'000 GBP'000 GBP'000 GBP'000
------------------------ ------- ------- --------- -------
External sales 3,716 9,467 4,825 18,008
------- ------- --------- -------
Adjustment for agency
basis -- - (338) (338)
------- ------- --------- -------
Reported revenue 3,716 9,467 4,487 17,670
------- ------- --------- -------
Segment result (gross
profit) 3,179 4,339 2,346 9,864
------- ------- --------- -------
Other operating costs
and income (5,576)
Investing and financing
activities (45)
-------
Profit before tax 4,243
-------
Major customers (over
10% of revenue)
------- ------- --------- -------
Customer 1 - 7,935 1,867 9,802
Customer 2 1,144 - 700 1,844
Continuing operations 2016
--------------------------------------------------------------
Licence Project Recurring Total
sales work revenues
GBP'000 GBP'000 GBP'000 GBP'000
------- ------- --------- -------
External sales 2,974 10,666 5,443 19,083
------- ------- --------- -------
Adjustment for agency
basis - - (474) (474)
------- ------- --------- -------
Reported revenue 2,974 10,666 4,969 18,609
------- ------- --------- -------
Segment result (gross
profit) 2,076 4,584 2,554 9,214
------- ------- --------- -------
Other operating costs
and income (5,921)
Investing and financing
activities (75)
-------
Profit before tax 3,218
-------
Major customers (over
10% of revenue)
-------
Customer 1 - 7,935 1,867 9,802
The accounting policies of the reportable segments are the same as the Group's accounting policies described in note 2 of the Annual Report & Accounts for the year ended 31 March 2017. Non-current assets are wholly attributable to the Company's country of domicile.
Geographic segments
-----------------------------------------------------
2017 2016
GBP'000 GBP'000
------------------------------- --------- ---------
United Kingdom 2,012 4,875
Europe 4,021 2,335
Unites States of America (US) 10,947 11,014
Others 690 385
--------- ---------
17,670 18,609
--------- ---------
EARNINGS PER SHARE
-------------------------------------------------
2017 2016
----------------------- ------------------------
Pence Pence
per share GBP'000 per GBP'000
share
----------- ---------- ----------- -----------
Profit attributable to equity
holders of the Company 10.49 3,903 8.17 2,940
Diluted
Diluted earnings per share amounts are calculated by
dividing the profit for the year attributable to equity
holders of the Company by the weighted average number
of ordinary shares outstanding during the year plus
the weighted average number of ordinary shares that
would be issued on the conversion of all the dilutive
potential ordinary shares into ordinary shares.
2017 2016
Number Number
----------- -----------
Basic weighted average of shares
in issue 37,193,118 35,993,206
Effect of dilutive share options 1,767,183 2,512,249
----------- -----------
Weighted average for the purpose
of diluted earnings per share 38,960,301 38,505,455
Adjusted
Adjusted diluted earnings per share is defined as profit
for the year adjusted for amortisation, share based
payments and foreign exchange gains/losses divided
by the diluted weighted average number of ordinary
shares of the Company.
2017 2016
----------------------- ------------------------
Pence Pence
per GBP'000 per GBP'000
share share
----------- ---------- ----------- -----------
Profit for the year 10.02 3,903 7.64 2,940
Amortisation 0.63 257 0.64 246
Foreign exchange gains/losses (0.92) (357) 0.00 -
Share-based payments 0.22 86 0.10 38
Tax on non-statutory adjustments 0.02 5 (0.14) (51)
----------- ---------- ----------- -----------
Adjusted earnings 9.97 3,894 8.24 3,173
----------- ---------- ----------- -----------
DIVIDENDS
-----------------------------------------------------------------
2017 2016
GBP'000 GBP'000
------------------------------------------- --------- ---------
Amounts recognised as distributions
to equity holders
Final dividend for the period ended
31 March 2016 of 1.50p (2015: 0.56p) 574 198
Interim dividend for the year ended
31 March 2017 of 0.55p (31 March 2016:
0.50p) 206 182
--------- ---------
780 380
Proposed final dividend for the year
ended 31 March 2017 of 1.70p
The Company is proposing a final dividend of 1.70p,
which, subject to Shareholder approval at the Annual
General Meeting will be paid on 18th August 2017 to
Members on the Register at the close of business on
14th July 2017. The Ordinary shares become ex-dividend
on 13th July 2016. The proposed final dividend has not
been included as a liability in the financial statements
for the year ended 31th March 2017.
ANNUAL GENERAL MEETING
-----------------------------------------------------------
The Annual General Meeting will be held on 27th July
2017 at 10am at the Group's Registered office: Windmill
House, 91-93 Windmill Road, Sunbury on Thames, Middlesex,
TW16 7EF.
ELECTRONIC COMMUNICATIONS
-------------------------------------------------------------
The Company is not proposing to bulk print and distribute
hard copies of this announcement. The full Annual Report
and Financial Statements for the year ended 31 March
2017 is attached via the link on the front page of
this statement and will be published shortly on the
Company's website at www.d4t4solutions.com together
with the Notice convening the Company's 2017 Annual
General Meeting. Copies of these publications will
be sent out to those shareholders who have elected
to receive paper communications. Copies can also be
requested via moreinfo@d4t4solutions.com or by writing
to: The Company Secretary, D4t4 Solutions Plc, Windmill
House, 91-93 Windmill Road, Sunbury on Thames, Middlesex,
TW16 7EF. The Company's news updates, regulatory news,
and financial statements, can also be viewed and downloaded
from the Group's website.
FORWARD-LOOKING STATEMENTS
----------------------------------------------------------
The Board of Director's approved the Annual Report
& Accounts on 26th June 2017. This document contains
certain forward-looking statements, which reflect the
knowledge and information available to the Company
during the preparation and up to the publication of
this document. By their very nature, these statements
depend upon circumstances and relate to events that
may occur in the future thereby involving a degree
of uncertainty. Therefore, nothing in this document
should be construed as a profit forecast by the Company.
This information is provided by RNS
The company news service from the London Stock Exchange
END
FR ZMGZVGVVGNZZ
(END) Dow Jones Newswires
June 27, 2017 02:00 ET (06:00 GMT)
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