NetDimensions (Holdings) Limited – Interim Results for the six months ended 30 June 2009

NetDimensions (Holdings) Limited – Interim Results for the six months ended 30 June 2009

Interim Results for the six months ended 30 June 2009

NetDimensions (NETD), a provider of performance, knowledge and learning management systems, announces its Interim Results for the six months ended 30 June 2009, a period in which the Company continued to deliver good growth.

Financial Highlights

•Revenues up 3% to US$3.05 million (2008: US$2.94 million)
•Pre-tax profit of US$0.41 million (2008: US$0.09 million)
•Cash flow from operating activities of US$1.33 million (2008: US$0.63 million)
•Cash balance of US$6.82 million with no borrowings

Operational Highlights
•Added 26 new clients with notable success in the EMEA region
•Released the latest version of the Company’s flagship product, The Enterprise Knowledge Platform 5.6
•Added new staff to the Company’s dedicated sales and professional services teams, as well as further expansion of its Philippines operations

Roger Durn, Chairman of NetDimensions commented:
“I am pleased to present another excellent set of results. We have delivered enhanced revenue growth and have added 26 new clients in the first half of the calendar year. We have continued to generate cash, increase revenues and invest for future growth while managing costs in a challenging economic environment. NetDimensions has traditionally performed better in the second half of the year and with continued growth in our target markets the Board is confident the Company will continue to expand its client base in the second half of 2009 as well as see further revenue and profit growth.”

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