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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Triplearc | LSE:TPA | London | Ordinary Share | GB0031067340 | 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% | 5.92 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:8172O TripleArc PLC 27 February 2008 27 February 2008 TripleArc Plc Trading Update TripleArc Plc ('TripleArc' or the 'Group'), the Aim listed provider of technology enhanced print management solutions, announces a trading update in advance of the release of its preliminary results for the year ended 31 December 2007. Good progress has been made in advancing the Group's core strategy of providing contracted long term print management and business communication solutions evidenced with eight new contracts / frameworks signed during the year. Each of these contracts / frameworks will have annualised turnover of between £0.3m and £2.0m. During the period the Group also extended two existing contracts for a further 2 to 3 years with combined annualised revenues of £2.5m. The new business and contract extensions have resulted in a 10 per cent increase in the Groups contracted revenue base which gives further stability to the sustainability of its earnings. However, as previously communicated, revenue from many core print management customers was adversely affected by corporate activity within these customers and the hardening market conditions in 2007. Despite this in 2007 the Group saw a modest increase in overall revenues compared to 2006 and it sustained prior year earnings, giving it a good foundation for steady growth in 2008. Since the year end the Group has signed a three year contract with another new customer with annualised revenue of £0.7m. In addition the Group has continued to generate good levels of operating cash flow and made debt repayments of £1.8m to its senior lender during 2007. Net debt at 31 December 2007 was down to £13.6m versus £14.9m at 31 December 2006. The preliminary results for the year ended 31 December 2007 are expected to be announced in April 2008. - ends - Enquiries TripleArc Tel: 0844 800 0567 Jason Cromack (CEO) Richard Hodgson (CFO) Altium Tel: 020 7484 4040 Tim Richardson / Sam Fuller Weber Shandwick Financial Tel: 020 7067 0700 Terry Garrett / Nick Dibden / James White This information is provided by RNS The company news service from the London Stock Exchange END TSTBCGDDGDDGGIL
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