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Jessica Williams
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Patsystems Plc - Results for the Twelve Months Ended 31 December 2009

Patsystems Plc - Results for the Twelve Months Ended 31 December 2009

Financial Highlights

• Revenue increased by 13% to £22.1 million (2008: £19.6 million)

• Adjusted pre-tax profit grew by 7% to £3.9 million (2008: £3.7 million)*

• Cash flow from operating activities of £4.3 million (2008: £3.6 million)

• Cash balances at the year end of £8.9 million (2008: £5.9 million)

• Proposed full year dividend increased by 17% to 0.425p per share (2008: 0.363p per share)

*adjusted for share option costs, marking to market of derivatives used to hedge cash flows and amortisation of intangibles other than internally developed software

Operational Highlights

• Trading systems most successful year to date despite collapse of Lehman Brothers Inc

• Billable Pro-Mark trading screen user numbers increased to 723 (2008: 571)

• Major installations for Indonesian Commodity and Derivative Exchange and TurkDEX