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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Startup Giants Plc | AQSE:SUG | Aquis Stock Exchange | Ordinary Share | GB00BYP94G30 | Ordinary shares |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.00 | - |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:1442U Systems Union Group PLC 13 January 2004 Systems Union Group plc Trading Update Systems Union Group plc ("the Company"), the global software vendor, announces key trading highlights ahead of its results for the year ended 31 December 2003: * Full year results are expected to be ahead of market expectations. * Seventh consecutive half year of meeting or exceeding market expectations. * The Company acquired MIS AG, Foundation Systems and the remaining 50% of the Company's Italian joint venture during the year. The Company currently owns 93.8% of MIS. * On 31 December 2003, the Company expanded its operations in Beijing, Shanghai, Hong Kong and Singapore by the acquisition of the business of Romanicus, a SunSystems channel partner. * On 29 December 2003, the Company sold its remaining investment in an activity discontinued in December 2000 for #500,000 in cash. The carrying value was nil. * The Company continued to be cash generative during the year. The Company had #19.7 million in cash at 31 December 2003 (2002: #18.8 million) and #15 million in bank debt (2002: #Nil), after spending approximately #28 million on acquisitions (MIS - #23 million, Foundation Systems - #2.5 million, Italian joint venture - #2.0 million and Romanicus - #0.5 million). * The Board intends recommending an inaugural dividend of 1p per share when it announces its full year results on 1 March 2004. Paul Coleman, Chief Executive Officer of Systems Union Group plc, said: "The Company has continued to improve its profitability despite difficult trading conditions. We are successfully implementing our acquisition strategy and shall continue to seek further opportunities. The Company is very well placed to benefit from its wider product offerings and enhanced business solutions." 13 January 2004 For further information, please contact: Paul Coleman Systems Union Group plc 01252 556000 Robert Gibb Systems Union Group plc 01252 556219/ 07767 216021 Trevor Bass Fleet Financial 020 7067 0743 This information is provided by RNS The company news service from the London Stock Exchange END TSTSFAFAESLSESF
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