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Handset testing specialist benefits from widespread implementation of LTE services

Anite Makes £8.2M in H1

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Light Reading
12/4/2012
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LONDON -- Anite plc ("Anite" or "the Company" or “the Group”), the leading provider of software solutions to the international wireless and leisure travel industries, today announces its half year results for the six months ended 31 October 2012.

Financial highlights (adjusted):

  • Revenue up 9% to £61.2m (2011: £56.2m)
  • Operating profit up 21% to £14.3m (2011: £11.8m)
  • Operating margin up 2.4% points to 23.4% (2011: 21.0%)
  • Profit before tax up 30% to £14.3m (2011: £11.0m)
  • Diluted earnings per share up 31% to 3.4p (2011: 2.6p)
  • Net cash of £16.8m (October 2011: £12.6m; April 2012: £16.9m)
  • Interim dividend up 53% to 0.575p per share (2011: 0.375p per share)

    Statutory results:
  • Revenue from continuing operations of £61.2m (2011: £56.2m)
  • Operating profit from continuing operations of £11.3m (2011: £8.8m), after:
    – share based payments charge of £1.8m (2011: £1.0m)
    – amortisation of acquired intangible assets of £1.2m (2011: £2.0m)
  • Profit from continuing operations before tax of £11.3m (2011: £8.5m)
  • Profit for the period of £8.2m (2011: £6.0m)
  • Basic earnings per share 2.9p (2011: 2.1p); diluted earnings per share 2.7p (2011: 1.9p)

    Operating highlights:
  • Group orders:
    – Closing order book £107.2m (31 October 2011: £92.5m; 30 April 2012: £114.5m)
    – Order intake down 15% to £53.9m (2011: £63.8m) reflecting very strong comparative period
    – Book to bill ratio 0.9 (2011: 1.1)
  • Wireless:
    – Strong demand in Handset Testing for Interoperability Testing and LTE 4G
    – Network Testing seeing growing momentum with Invex and LTE 4G products
  • Travel:
    – First Thomas Cook @com phase delivered and now live
    Anite plc

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