First Derivatives plc (FDP): Preliminary results for the year ended 28th February 2005

25th May 2005

The principal activities of FDP are the provision of a range of support services to the investment banking market and the derivatives technology industry and the provision of its own range of e-business applications.

Financial highlights

 Turnover £3.79 million (2004: £2.68 million) +41.4 %
 Profit before tax and amortisation £991,000 (2004: £757,000) + 30.9%
 Earnings per share 4.6p (2004: 3.3p) + 39.4%
 Proposed final dividend of 1.46p per share (2004: 1.1p)
 Cash balances as at 28th February 2005 of £788,000

Business highlights

 Upturn in activity in the second half of the year, with the e-commerce division moving into profitability
 Major contract signed with EDS, to work with a major London Bank
 Since the year end, signed a new partnership with KX on enhanced terms
 Signed 10 new KX customers since the interims with a total value in excess of £1 million

David Anderson, Chairman of FDP, commented:

"The growth experienced in the first half of the year, has continued at pace in the second half of the year. The agreement signed with KX has enhanced our sales pipeline, along with the high profile deal signed with EDS. With the e-commerce division moving into profitability since the year end, we are well positioned for the new financial year."

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