First Derivatives announce Record Results

19 October 2009

First Derivatives (AIM: FDP.L, IEX:GYQ.I), a leading provider of software and support services to the investment banking and derivatives industries, today announces its results for the six months ended 31 August 2009.

Financial Highlights
- Turnover £11.4m (2008: £6.8m) +66.3%
- Operating profit £3.0m (2008: £2.4m) +21.6%
- Gross margins of 43.8% (2008: 46.2%)
- Pre-tax profit £3.1m (2008: £2.2m) +36.4%
- Earnings per share 15.4p (2008: 10.8p) +42.6%
- Net Assets £12.5m (2008: £8.9m) +40.5%
- Interim dividend 2.75p per share (2008: 2.35p) +17.0%

Business Highlights
- Trading performance remains robust
- Increase in Capital Markets Consulting activity
- Further sales of First Derivatives software products

David Anderson, Chairman of First Derivatives commented:
“During the period we have committed substantial investment into First Derivatives and its structure to increase our global coverage and develop our range of in-house Delta software products. These initiatives are expected to result in an increase in our levels of profitability for the next financial year and beyond, ensuring continued advancement for our shareholders. The Group is trading strongly and continues to see increasing levels of revenue visibility. We remain confident of achieving profits for the full year in line with market expectations.”

Become a bobsguide member to access the following

1. Unrestricted access to bobsguide
2. Send a proposal request
3. Insights delivered daily to your inbox
4. Career development