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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Cybit Hldgs | LSE:CYH | London | Ordinary Share | GB00B04QS651 | ORD 5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 73.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:8336L CybIT Holdings PLC 03 June 2003 Cybit Holdings plc ("Cybit" or the "Company") Trading Statement The Company continues to build on its position as one of the fastest growing Telematics Service Providers in the UK. As companies increasingly recognise the strategic value offered by telematics-based asset management solutions, Cybit is seeing increased revenues from new business, repeat orders and a healthy pipeline of prospective users. As indicated in the February trading update, a strong sales performance in the second half of the financial year has translated into a better than expected financial performance with full year revenues expected to be in the region of #5m. This improved revenue performance has resulted in pre-tax losses narrowing to approximately #0.79m, against market expectations of a #1,042m pre-tax loss. The Board is pleased to report that trading during the first two months of the current year is substantially ahead of the same period in the prior year. The Company continues to investigate a number of potential acquisition opportunities. This coupled with a strong financial performance, gives the Board confidence in Cybit's continuing success. Cybit will announce its preliminary results for the year ended 31 March 2003 on Monday 16 June 2003. Enquiries: Richard Horsman, Chief Executive, Cybit Holdings plc 01480 389100 Mark Percy / Jeremy Porter, Seymour Pierce Limited 020 7107 8000 Jonathon Brill / Charlotte Kirkham, Bell Pottinger Financial 020 7861 3232 About Cybit Cybit is a leading provider of fleet management and telematics solutions, delivering a full range of Internet-based software and support service to private motorists, vehicle fleet managers and commercial haulage operators. Cybit operates a number of telematics platforms, from end-to-end OEM solutions to its own generic platform, providing satellite tracking of mobile assets via street-level digital maps. This enables Cybit operators to obtain data and deliver services or assistance via wireless networks for safety critical events, accident or breakdown, as well as providing support if a vehicle is stolen, or a driver is late or lost. By facilitating the processing of this information for financial management purposes, Cybit then frees users up to promote best use of existing resources. For more information about Cybit's technology solutions, please contact Philip Szomszor at IBA Europe on 01780 721433. This information is provided by RNS The company news service from the London Stock Exchange END TSTKLLFBXQBXBBE
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