RNS Number:0348A
CybIT Holdings PLC
23 June 2004
CYBIT HOLDINGS PLC ("CYBIT")
PRELIMINARY RESULTS FOR THE YEAR ENDED 31 MARCH 2004
HIGHLIGHTS
Cybit Holdings Plc, the innovative telematics service provider, today announces
its preliminary results for the year ended 31 March 2004.
Audited Audited
year ended year ended
31 March 2004 31 March 2003
#'000 #'000
Turnover 8,098 5,066
Operating profit 1,083 71
Operating profit before depreciation and
goodwill amortisation (EBITDA) 1,413 461
Profit/(loss) before taxation 291 (787)
Cash 4,592 470
Key points
* Turnover increased by 60% in the year
* Group generates first full year profit following increased investment in
staff and infrastructure
* Successful institutional fundraising completed, raising #5 million of
fresh working capital
* 67% increase in number of assets managed through Cybit's solution
portfolio
* Overall 25% increase in customer numbers
* Continuing growth in consulting revenues
* Successful programme of upgrades to Fleetstar-Online portfolio offering
enhanced functionality and introduction of two way messaging on bespoke GPRS
service
* Significant progress made on indirect channels to market, notably new
strategic partnership with Lex Vehicle Leasing and development of white
label brs Vehicle Tracking solution
* Further advance on expansion of reseller network
Neil Johnson, Chairman of Cybit commented:
"Cybit's third year of trading has seen the company break through into
profitability. Turnover was up 60% to #8.1 million and, importantly, pre-tax
profitability at #0.3 million confirms the company's progress and growth.
The Board has also determined to adopt a conservative accounting policy for
repeat and new business that we retain on our own book. The effect of this will
be to reduce headline turnover and profit in the forthcoming trading year, while
ensuring a steady stream of future profits over the life of the underlying
contracts.
The company continues to develop a strong forward order book, and current
trading is in line with our expectations. We are now positioned to exploit our
success, profitability and balance sheet strength, to further develop the
business through both organic and, where appropriate, acquisitive growth. We
look forward to the future with confidence. "
For further information please contact:
Richard Horsman Chief Executive, Cybit Holdings Plc
01480 389100
David Rydell Bell Pottinger Financial
0207 861 3886
CHAIRMAN'S STATEMENT
Cybit's third year of trading has seen the company break through into
profitability. Turnover was up 60% to #8.1 million and, importantly, pre-tax
profitability at #0.3 million confirms your company's progress and growth. All
of this has been achieved against a continuing background of difficult global
and national economic climates. Cybit is now clearly positioned as one of the
leading and fastest growing Telematics Service Providers (TSPs) in the United
Kingdom.
Business review
2003/2004 was a landmark year for your company in terms of building
relationships with existing customers, new business partners, and identification
of prospective contracts. Key amongst these was the extension of our partner
agreements with Lex Vehicle Leasing, the growth in our retained base of customer
business renewal, and of course, outstanding levels of new business. During the
year, the company continued to focus on providing excellent services to fleet
operators and further expanded its sales team on business-to-business and
partnership accounts. We ended the year with over 10,000 vehicles using our
services (2003: 6,000). These vehicles are operated by circa 500 customers from
a wide range of business sectors.
Fleetstar-Online has proved to be a product of major significance for the
company. It is now one of the leading internet-based fleet management products
available in the UK market. We also believe that it has significant potential in
other European markets.
Your company continues to develop a broad range of leading-edge products and
services ensuring that our customers optimise profitability and gain improved
control of their businesses. The fact that we now have hundreds of customers
using our technology on thousands of vehicles is testament to the success of
this strategy. Led by the internet-based Fleetstar-Online service, Cybit
continues to generate substantial and sustainable new and repeat business. In
addition, revenues generated from non-hardware related sources have increased to
#275,000 in the second half, compared to #188,000 in the first. Our specialist
consulting contracts also continue to increase in value and spread.
Following a year of consolidation within our Drive-IT subsidiary, including some
rationalisation and product development/improvement, I am encouraged that
revenues in the last quarter were substantially ahead of the comparative period
last year. Our partnership with Smart Moves in the UK has been one of the key
successes for the Drive-IT business during the period under review.
Financial matters
Our share placing in November 2003 has strengthened the company's balance sheet
and in turn, enhanced our ability to negotiate significant contracts with major
customers. I am happy to be able to report that our cash balances remain strong
and will enable us to take more business onto our own book, thereby reducing
external finance charges for new business. We will also use our strong cash
position to make further investment, in people and technology.
You will note that the Board has also determined to adopt a conservative
accounting policy for repeat and new business that we retain on our own book.
The effect of this will be to reduce headline turnover and profit in the
forthcoming trading year, while ensuring a steady stream of future profits over
the life of the underlying contracts.
During the year Sir John Wheeler has joined the Board as a Non-Executive
Director. Sir John brings a wealth of experience in specialist transport and
security matters, and is also no stranger to Whitehall. We welcome him and look
forward to working with him. Juliet Hoskins has indicated that she wishes to
step down from the Board at the forthcoming AGM. Juliet has been a major
contributor to the Board since the company's flotation, and I would like
publicly to record our thanks for all her hard work. We all wish her well in the
future.
Since the end of the last financial year the company has been transformed from a
fledgling technology company into a robust business partner for blue-chip
clients. In a sector which is generally still perceived as "pre-growth" and
financially uncertain, Cybit has shown that steady progress, professionalism,
and a passion for excellence in customer service, can forge a business model
that is capable of delivering sustainable profitability.
Outlook
The company continues to develop a strong forward order book, and current
trading is in line with our expectations. We are now positioned to exploit our
success, profitability and balance sheet strength, and to further develop the
business through both organic and, where appropriate, acquisitive growth. We
look forward to the future with confidence.
I should particularly like to thank our staff, including my Board colleagues and
particularly our CEO, Richard Horsman, for their support throughout another
challenging but successful year. Without their efforts these excellent results
would not have been possible.
Neil Johnson
23 June 2004
CHIEF EXECUTIVE OFFICER'S STATEMENT
Operating Review
2003 was a landmark year for Cybit as the company reported a maiden profit of
#0.3 million before taxation on revenues of #8.1 million. Our focus on
delivering tangible return on investment through a broad portfolio of products
and services has helped Cybit to achieve real business success in what has
traditionally been an underperforming sector.
Cash resources available to the business were dramatically improved through an
oversubscribed placing with financial institutions that raised #5 million in
November 2003. This cash will be used to underpin product development and
further expansion of the business both in the UK and overseas.
The company achieved increased revenues from both new and existing customers,
together with Cybit's first renewal and migration revenues from existing
customers either migrating to new Cybit products or extending the term of their
existing telematics services agreements.
Customers
As at 31 March 2004, the company had more than 500 live customers, representing
more than 10,000 assets under management.
Fleetstar-Online, our vehicle tracking and reporting solution, continues to set
the standard for internet-based fleet management applications. As at 31 March
2004, there were approximately 270 live customers using this product,
representing nearly 6,500 vehicles.
Levels of repeat business from our growing customer base remained high with the
proportion of customers ordering additional products and services standing at
40%. Customers such as McAlpine's, AWG plc and Fountains plc, have all increased
their commitment to Cybit solutions, with many of our larger customers now
working with Cybit and taking advantage of services such as ROI Analysis, that
form part of an expanding portfolio of Cybit Professional Services.
It is also an endorsement of the high levels of customer service delivered by
Cybit that renewal rates amongst those customers reaching the end of their
initial term stand at more than 90%. Customers are choosing to either migrate to
Fleetstar-Online or commit to a further term with their existing Fleetstar
server-based technology.
As the telematics market evolves, there are an increasing number of "early
adopter" companies who are reaching the end of their primary contract term with
competitor products, and are now reviewing the market before recommitting to
their existing supplier. These companies are typically more demanding in their
expectations of a potential supplier and have a greater understanding of the
potential benefits offered by Cybit's distinctive telematics services approach.
Cybit has had considerable success in attracting customers to the Cybit
solutions portfolio as contracts with other service providers fall due for
renewal. In March 2004 alone, the company signed five customers who had
previously been using competitor products and we expect to see this trend
increasing during the current year.
The company has also achieved success with its real-time General Packet Radio
System (GPRS) based solutions in the Fleet sector. Marshalls plc, the UK's
leading manufacturer of landscape materials for the construction and home
improvement industries, has installed this solution into its 150 strong fleet
and those of its primary subcontractors.
Consulting revenues continued to grow and the company has developed a number of
case studies in this area which show the clear bottom line benefits that can
result from effective telematics services deployment. It is pleasing to note
that 90% of our larger Corporate accounts have invested in the Cybit services
portfolio as an integral part of their overall investment in our solutions.
Technology Development
Cybit has continued to pursue a strategy of industry leadership through
innovation within its overall product portfolio.
The company's real-time supply chain optimisation solution, cybitfleet.com, has
been improved through the introduction of
new hardware capabilities and upgrades to software functionality.
From a hardware perspective, our GPRS hardware was enhanced to support two way
messaging over the GPRS network -together with in-vehicle voice communications
providing our customers with the ability to reduce the communications costs
associated with unrestricted mobile telephones. Store and forward capability was
also introduced, allowing the unit to continue storing positional and event
information if a vehicle cannot contact the network for any reason. Information
is then downloaded when a connection is made.
Functional enhancements include the addition of a new reporting suite launched
during the period, and a number of additional features necessary to support the
various hardware improvements implemented during the year.
Another important development was the installation of resilient GPRS data links
into the O2 network. Cybit was the first company in the UK to implement this O2
solution, which provides for automatic fail-over in the event of system failure.
As far as the directors are aware, Cybit is the only UK based telematics company
offering this level of service to its customers.
The company also installed its first International GPRS Access Point Name (APN)
in Holland. This allows GPRS units to be installed locally in Holland whilst
reporting in real-time into the UK. This initial installation is intended to
support the first customer signed by Mandata in Holland and has acted as a proof
point for any future expansion plans.
In addition, the company has taken advantage of its powerful open platform
technology to carry out further back-office integration projects that provide
for real-time integration of telematics data with internal back-office
installations such as routing and scheduling and Enterprise Resource Planning
(ERP) systems.
Fleetstar-Online is fast becoming the leading internet-based, fleet management
application available on the market today, with sales of customer units doubling
over the last 12 months, and a 33% increase in average orders per customer.
Cybit continues to take advantage of hardware developments undertaken by
Trafficmaster and has benefited from improvements to the Smartnav off-board
navigation product. A version of the hardware concurrently supporting Fleetstar,
Smartnav and RAC Trackstar was launched during March. This ensures that Cybit
can provide customers with additional telematics services when they need them -
quickly and cost effectively.
During the period, the Fleetstar-Online solution was upgraded to include
additional reporting capabilities. Key enhancements in this area covered
timesheet management, which has been of increasing importance to our customers
in light of recent and proposed legislation.
The company also embarked on a translation of the Fleetstar-Online product into
German. This product was successfully launched in April and is now in use by the
company's first German customer.
The most extensive Fleetstar-Online development during the period was the
creation of brs Vehicle Tracking. This is a "white label" version of the product
with enhancements enabling it to support the demands of a vehicle rental
operation. This solution is hosted at Cybit and was launched to brs customers in
March.
During the period, the company also enhanced its lone worker proposition through
a partnership with a specialist monitoring company called SECURI-GUARD. This
solution has been successfully installed in Associated British Nutrition &
Agri-products (ABNA) Limited, the Agriculture Group of Associated British Foods.
The company has also undertaken a number of developments to the Drive-IT
solution. Additional functionality has been delivered within the internet based
booking system together with an enhanced pricing module.
During the coming year, the company will be continuing to execute against the
strategy of developing an open, next generation telematics platform. This will
not only ensure your company maintains its position at the forefront of the
telematics market but will also allow us to reduce the operational costs
associated with maintenance of multiple platforms.
Progress with Partnerships
Partnerships continue to be a key focus for the company as Cybit strongly
believes third party channels to market will be a key factor if telematics
solutions are to achieve substantial penetration within the fleet sector. The
company has achieved considerable success in partner recruitment and is now
focused on realising the potential offered through these channels to market.
During the year, Cybit successfully won a competitive tender to renew and extend
the agreement it has with Lex Vehicle Leasing, part of RAC plc and one of the
UK's leading car rental companies. Under the terms of this new three year
strategic partnership, Lex and Cybit intend to jointly develop an integrated
solution based on elements of their web-based solutions - Interactive Fleet
Manager and Fleetstar-Online. This will enable Lex's customers to benefit from
Cybit's range of scaleable telematics and fleet management tools. Cybit
anticipates that this partnership will generate substantial revenues during the
term of the agreement.
Cybit has also extended the partnership with brs truck rental, the UK's largest
commercial truck rental company, through the joint development of brs Vehicle
Tracking. Under the agreement, Cybit provides both infrastructure support and
technology to underpin key elements of the proposition. Additional revenue
opportunities will be realised as customer take-up of the solution increases.
The company continues to build upon its existing relationship with Norwich Union
and is actively working in partnership with the insurer on a number of
innovative risk management oriented programmes.
During the period, the company announced a number of reseller agreements with
such companies as Vanguard plc, Signature Industries, Ewan Associates and a
number of focused automotive electrical resellers. Whilst our focus on stringent
accreditation and quality has resulted in a greater period of time to achieve
consistent volume through these channels, I am pleased to report that business
is starting to flow on a monthly basis and our pipeline of reseller business is
increasing.
Based on the success we have achieved through our initial phase of reseller
recruitment, the company will be expanding its activities during 2004 with the
objective of substantially increasing the number of resellers representing our
product portfolio.
The company has a number of new partnerships that are close to being concluded
and will be announcing these in the coming months. I am also pleased to report
that the percentage of revenues achieved from third party sources is on an
upward trend and looks set to continue in this direction.
Drive-IT Systems AB
Acquired in December 2002, and based in Gothenburg, Sweden, Drive-IT is a
leading developer of innovative telematics based vehicle utilisation
applications for the growing car share and car pool management marketplace.
The partnership with Smart Moves Limited, the UK's largest service provider of
city car clubs, continues to grow with a number of new car clubs implementing
the Drive-IT technology during the year.
Although the market for these products outside of the private car club sector
has been slow to evolve, there are increasing signs that emerging market factors
will stimulate growth within commercial and government sectors. As a result,
Drive-IT is experiencing an increased interest in this technology from partners
and potential end-users.
Financial review
2003 was another year of high growth for the group. Turnover for the year
increased by 60% to #8.1 million and profit before tax amounted to #0.3 million,
compared to a loss of #0.8 million in the previous year. This performance was
achieved against a background of increased investment in staff and
infrastructure during the fourth quarter.
The #5 million institutional placing in November 2003 has considerably
strengthened the group's balance sheet. This has allowed us to secure
substantial working capital facilities to further underpin the future
development and growth of the group. These facilities include #500,000 of
overdraft facilities (which are immediately scaleable to #1 million depending on
the level of own leasebook business) and #250,000 of asset finance to cover the
group's on-going product and service development. To date, none of these
facilities have been used.
These facilities, coupled with substantial cash balances, will give the group
much greater flexibility in terms of the purchasing options that are offered to
its customers. It is our intention to fund a far greater proportion of sales on
our own internal leasebook so as to mitigate finance costs and improve bottom
line profitability over the longer term. Such an approach will significantly
change the risk profile of the group and therefore the Board has decided that
for the year ending 31 March 2005 and future years, the group will introduce an
income recognition policy for internal leasebook deals. This policy will reflect
the change in risk profile, such that the income and profit on these deals will
be recognised over the life of the agreements. This will inevitably mean that
there will be a reduction in reported turnover and profitability in the current
year. However, the group's underlying profitability and cash generation in
subsequent years will be significantly enhanced.
Strategy and vision
Cybit will continue to maintain the leadership position it has established in
the UK market through continued innovation within its solutions and services
portfolio - coupled with a passion for world-class customer support. Cybit now
has an impressive 94% average customer satisfaction rating achieved across the
last year, and we look forward to building on this achievement going forward.
Consistent historical delivery against the group's clear innovations strategy
has allowed the company to increase market share over the competition and
establish a strong channels strategy that will deliver future growth.
During the coming year, Cybit will be embarking on an extensive programme of
product development and technology integration which will consolidate our
position as a provider of "best in class" asset management solutions.
Whilst cognisant of the issues and risks associated with expansion outside our
home markets, your Board believes that it has the resources and experience to
embark on a cautious expansion plan into certain key European markets. The first
of these is Germany where the company has developed a fully-translated product
for the German market and has already secured its first contract.
The future
As predicted in last year's annual report, there has been substantial
consolidation and fall-out within the telematics and internet-based content
segments over the past year. Although market conditions and resource
availability will remain a key consideration, the increase in intellectual and
cash resources will allow your Board to assess opportunities for UK and
international growth through both organic and acquisition activity.
Finally, I would like to endorse the Chairman's thanks to our dedicated team of
professionals who have been key to the success that we have achieved during our
third year as an AIM listed company.
Richard Horsman
23 June 2004
CONSOLIDATED PROFIT AND LOSS ACCOUNT
Year ended 31 Year ended
March 2004 31 March 2003
# #
---------- ---------
Turnover 8,097,562 5,065,863
Cost of sales (2,968,423) (1,294,095)
---------- ---------
Gross profit 5,129,139 3,771,768
---------- ---------
Administrative expenses
Other operating expenses (3,716,083) (3,310,973)
Depreciation and
goodwill amortisation (330,189) (389,445)
---------- ---------
Total administrative
expenses (4,046,272) (3,700,418)
---------- ---------
Operating profit 1,082,867 71,350
Net interest and
financing costs (792,303) (857,945)
---------- ---------
Profit/(loss) on
ordinary activities
before taxation 290,564 (786,595)
Tax on profit/(loss) on
ordinary activities 245,994 125,000
---------- ---------
Retained profit/(loss)
transferred to/set
against reserves 536,558 (661,595)
---------- ---------
---------- ---------
Earnings/(loss) per
share - basic 0.062p (0.098p)
Earnings per share -
diluted 0.061p
---------- ---------
RECONCILIATION OF MOVEMENTS IN SHAREHOLDERS' FUNDS
Year ended Year ended
31 March 31 March
2004 2003
# #
--------- ---------
Profit/(loss) for the year 536,558 (661,595)
Issue of shares in the year 5,626,999 -
Other recognised gains and losses in
the year (4,215) 3,912
--------- ---------
Net increase/(decrease) in
shareholders' funds 6,159,342 (657,683)
Shareholders' funds at 1 April 2003 1,450,099 2,107,782
--------- ---------
Shareholders' funds at 31 March 2004 7,609,441 1,450,099
--------- ---------
Attributable to:
Equity shareholders 7,609,441 1,450,099
--------- ---------
STATEMENT OF TOTAL RECOGNISED GAINS AND LOSSES
Year ended Year ended
31 March 31 March
2004 2003
# #
--------- ---------
Profit/(loss) for the year 536,558 (661,595)
Exchange adjustments offset in
reserves (4,215) 3,912
--------- ---------
Total recognised gains/(losses) for
the year 532,343 (657,683)
--------- ---------
CONSOLIDATED BALANCE SHEET AT 31 MARCH 2004
The The
group group
2004 2003
# #
-------- --------
Fixed assets
Intangible assets 713,711 839,091
Tangible assets 425,440 369,984
-------- --------
Total fixed assets 1,139,151 1,209,075
Current assets
Stocks, being goods for resale 91,939 145,688
Debtors: amounts falling due after more
than one 1,413,380 865,178
year
Debtors: amounts falling due within one 2,310,233 1,092,621
year
Called up share capital not paid 8,260 8,260
Cash at bank and in hand 4,591,600 470,016
-------- --------
8,415,412 2,581,763
Creditors: amounts falling due
within one year (1,712,288) (1,582,810)
-------- --------
Net current assets 6,703,124 998,953
-------- --------
Total assets less current liabilities 7,842,275 2,208,028
Creditors: amounts falling due
after more than one year (232,834) (687,929)
Provisions for liabilities and charges - (70,000)
-------- --------
Net assets 7,609,441 1,450,099
-------- --------
Capital and reserves
Called up share capital 7,043,110 6,725,444
Share premium account 7,056,064 1,746,731
Other reserve (4,090,553) (4,090,553)
Profit and loss account deficit (2,399,180) (2,931,523)
-------- --------
Shareholders' funds 7,609,441 1,450,099
-------- --------
CONSOLIDATED CASH FLOW STATEMENT
Year ended Year ended
31 March 31 March
2004 2003
# #
--------- ---------
Net cash (outflow)/inflow from
operating activities (243,158) 1,184,111
Returns on investments and servicing of
finance
Interest received 64,537 7,085
Finance costs of assigning debts
to finance companies (842,911) (860,066)
Interest paid (13,929) (4,964)
--------- ---------
Net cash outflow from returns on
investments and servicing of
finance (792,303) (857,945)
--------- ---------
Taxation - -
Capital expenditure
Purchase of tangible fixed assets (168,213) (35,570)
Purchase of intangible fixed
assets (53,115) (73,188)
Sale of tangible fixed assets - 60,250
--------- ---------
Net cash outflow from capital
expenditure (221,328) (48,508)
--------- ---------
Acquisitions
Purchase of business - (100,000)
Purchase of subsidiary undertaking (9,766) (21,901)
Net overdrafts acquired with
subsidiary undertaking - (28,193)
--------- ---------
Net cash outflow from acquisitions (9,766) (150,094)
--------- ---------
Financing
Issue of shares 5,674,999 -
Expenses paid in connection with
share issues (163,000) -
Receipt from borrowing 24,975 -
(Repayment of)/funds raised on
sale and leaseback of fixed assets (100,000) 100,000
Repayment of loans (34,059) -
--------- ---------
Net cash inflow from financing 5,402,915 100,000
--------- ---------
Increase in cash 4,136,360 227,564
--------- ---------
Net cash (outflow)/inflow from operating activities
Year ended Year ended
31 March 31 March
2004 2003
# #
--------- ---------
Operating profit 1,082,867 71,350
Depreciation and amortisation 330,189 389,445
Decrease in stock 2,080 9,291
Increase in debtors (1,509,260) (596,835)
Increase in creditors 132,975 816,996
(Decrease)/increase in deferred
revenue (327,009) 563,864
Decrease in provisions for
liabilities and charges (70,000) (70,000)
Issue of shares in lieu of bonus 115,000 -
--------- ---------
Net cash (outflow)/inflow from
operating activities (243,158) 1,184,111
--------- ---------
RECONCILIATION OF NET CASH FLOW TO MOVEMENT IN NET FUNDS
2004 2003
# #
-------- --------
Increase in cash in the year 4,136,360 227,564
Net debt acquired with subsidiary - (56,291)
Exchange adjustments 2,572 (4,850)
Repayment/(inception) of new finance leases 100,000 (100,000)
Repayment of loans 34,059 -
Receipts from borrowing (24,975) -
-------- --------
Movement in the year 4,248,016 66,423
Net funds at 31 March 2003 280,732 214,309
-------- --------
Net funds at 31 March 2004 4,528,748 280,732
-------- --------
NOTES TO THE FINANCIAL STATEMENTS
1. The financial information set out in this preliminary announcement
does not constitute statutory accounts as defined in section 240 of the
Companies Act 1985.
2. The financial information has been extracted from the group's 2004
financial statements. Those financial statements have not yet been delivered to
the Registrar, however the group's auditors have given an unqualified audit
opinion on those financial statements.
3. Basis of preparation
The preliminary results have been prepared under the historical cost convention
and in accordance with applicable accounting standards up to and including FRS
19. The principal accounting policies of the group are set out in the group's
2003 annual report and financial statements. The policies in this preliminary
announcement have remained unchanged from those 2003 financial statements.
4. Earnings/(loss) per share
The calculation of the basic earnings/(loss) per share is based on the profits/
(losses) attributable to ordinary shareholders divided by the weighted average
number of shares in issue during the year.
For diluted earnings per share, the weighted average number of ordinary shares
in issue is adjusted to assume conversion of all dilutive potential ordinary
shares. The group has two classes of dilutive potential ordinary shares: those
share options granted to employees where the exercise price is less than the
average market price of the company's ordinary shares during the year and the
warrants issued to Trafficmaster as part of the acquisition of Fleetstar in
February 2002.
In accordance with FRS 14, the adjustment for diluted loss per share in the year
ended 31 March 2003 was ignored as it resulted in a reduced loss per share.
Reconciliations of the earnings/(losses) and weighted average number of shares
used in the calculations are set out below.
Year ended 31 March 2004 Year ended 31 March 2003
Earnings Weighted Per-share Loss Weighted Per-share
average amount average amount
number of number of
shares shares
# No. Pence # No. Pence
------- -------- ------- ------ -------- -------
Basic earnings/
(loss) per
share
Earnings/(loss
es)
attributable
to ordinary
shareholders 536,558 864,554,368 0.062p (661,595) 672,544,350 (0.098p)
Effect of
dilutive
securities
Options - 14,905,963 - - -
------- -------- ------- ------ -------- -------
Diluted earnings
per share
Adjusted
earnings 536,558 879,460,331 0.061p - - -
------- -------- ------- ------ -------- -------
5. Copies of the company's Annual Report and Accounts will be available from the
company's registered office.
This information is provided by RNS
The company news service from the London Stock Exchange
END
FR UUUBRSARNUAR
Cybit (LSE:CYH)
Historical Stock Chart
From Jun 2024 to Jul 2024
Cybit (LSE:CYH)
Historical Stock Chart
From Jul 2023 to Jul 2024
