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 Record Growth Announced (07/06/06)

Strategic Thought Group plc announced record growth today for the year ended 31 March 2006 as it released its maiden results as a listed company.

Highlights

  • Turnover up 24% to £11.46m (2005: £9.25m)
  • Pre-tax profit increased by 32% to £2.29m (2005: £1.73m)
  • Basic earnings per share up 61% to 9.8p (2005: 6.1p)
  • Net cash at year end of £5.46m (2005: £3.31m)
  • Annual support revenue up 84% to £1.45m

Peter Morgan, Chairman of Strategic Thought, said,

“I am pleased to announce Strategic Thought Group’s maiden preliminary results as an AIM quoted company and am delighted to report that these results set another record for the Group.

Active Risk Manager is a market-leading product and is now licensed to over 60 customers, the majority of whom are major corporations. Following our stock market flotation, the Group’s market profile has been significantly enhanced and the funds raised have provided us additional balance sheet strength.

We have ambitious growth plans for the business and our challenge now is to manage our growth and to continue to meet customer expectations. The year will not be without challenges, including the weakness in the US dollar, however growth
prospects remain very encouraging and our order pipeline in all areas is strong. We are convinced that the market opportunities are there and that our proven business model can deliver the results.


We therefore look forward to making further good progress over the course of the new financial year.”

                                                                                                        Adobe Small Clear Maiden Results Statement

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