Accsys Technologies (AXS) – Interim Results
INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2008
Accsys Technologies PLC (AXS), the environmental science and technology company, announces its Interim Results for the six months ended 30 September 2008.
Highlights
• Revenue of €17.9 million (2007: €3.8 million) and a pre-tax profit of €0.24 million (2007: loss of €5.0 million) in the period
• Dividend of €1.55 million (€0.01 per share) paid in respect of the year ended 31 March 2008
• Net cash position of €30 million with no existing debt at 30 September 2008
• Accoya® wood sales volumes produced at the Group’s production facility in Arnhem, increased by 200% compared to the same period last year
• Diamond Wood China Limited extended its exclusivity in China with a licence option for an additional 250,000m3
• Accsys selected to join the elite Cleantech Index
• Accsys named in the World’s Top 20 Sustainable Stocks
Post period Highlights
• Distribution agreement with UCS Forest Products, in Canada and the United States of America.
• Agreement with PEG Resources to develop licensing infrastructure on the African continent.
Willy Paterson-Brown, Executive Chairman of Accsys, commented, “Accsys continues to make positive progress despite the very challenging conditions in the marketplace. I am pleased to note that the results for the first half of the year are broadly in line with the Directors’ expectations.”