Trading Statement
28 Février 2008 - 8:01AM
UK Regulatory
RNS Number:9121O
Atlantic Global PLC
28 February 2008
Press Release 28 February 2008
Atlantic Global Plc
('Atlantic Global' or 'the Company')
Trading Update
Atlantic Global Plc ("the Company"), the specialist provider of Project
Portfolio Management (PPM) software applications, announces a trading update
following its 31 December 2007 financial year-end. It is expected that the
Company's preliminary results for the financial year ended 31 December 2007 will
be announced on Tuesday, 8 April 2008.
Trading Results
The Directors expect that turnover for 2007 will be approximately �2.30m (2006:
�1.96m), an increase of 17%.
It is expected that the profit before tax for the year will be not less than
�275,000 (2006: loss �51,000). The second half trading performance represented
the most profitable of the last three years six month trading periods.
The Company's net cash position as at 31 December 2007 amounted to �1.55m (2006:
�1.60m).
In view of the Company's return to profitability and the Directors' confidence
in the Company's prospects for 2008 and beyond, the Directors will be proposing
a dividend of not less than 0.25p per share in respect of the financial year
ended 31 December 2007.
Profitable trading has continued since year-end, in line with Company
expectations.
- Ends -
For further information please contact:
Atlantic Global Plc
Eugene Blaine, Managing Director Tel: +44 (0) 1274 863 300
Rupert Hutton, Finance Director
eugene.blaine@atlantic-global.com
rupert.hutton@atlantic-global.com www.atlantic-global.co.uk
Collins Stewart Europe Limited Tel: +44 (0) 207 523 8350
Mark Connelly, Director, Corporate Finance
Media enquiries:
Abchurch
Grace Marriner / Sarah Hollins Tel: +44 (0) 207 398 7782
Grace.marriner@abchurch-group.com www.abchurch-group.com
Notes to editors
Atlantic Global develops innovative software applications that enable
organisations to monitor, manage and model the fundamental pillars of their
business - resources, skills and costs.
In addition to its flagship Corporate Vision(TM) solution, which offers a
real-time, role-based view of business operations, Atlantic Global Business
Solutions(TM) also offers a series of business management-focused applications
including planning and resource management, timesheet and expense tracking,
business information tracking, risk management and contractor management.
Atlantic Global's customer base ranges from SMEs to Global 1,000 organisations
and includes: Aircom International; Barclays; GlaxoSmithKline; Norwich Union;
Aviva; Provident Financial; Kingston Communications; National Assembley of
Wales; Tiscali, Capita National Strategies and Virgin Mobile.
Atlantic Global is widely recognised by software industry analysts as being in
the top 25 vendors within the emerging Project Portfolio Management (PPM)
market. More specifically, it is one of only two European organisations included
in Gartner's 'Magic Quadrant' for PPM.
Founded in 1993, Atlantic Global is headquartered in West Yorkshire, England. It
listed on the Alternative Investment Market of The London Stock Exchange (AIM)
in June 2001.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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