Datalex plc Announces Preliminary Results for the Year Ended 31 December 2005.DUBLIN, Ireland -- Datalex Plc (ISE Ise (ē`sā), city (1990 pop. 104,164), Mie prefecture, S Honshu, Japan, on Ise Bay. It is one of the foremost religious centers of Shinto, the site of the shrines of Ise. : DLE (character) DLE - Data Link Escape, the mnemonic for ASCII 16. )(OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). : DLEXY) today announced its preliminary results for the year ended 31 December, 2005. Download the full report using the following link: http://www.datalex.com/investor_relations/Datalex_2005_Preliminary_ Results.pdf. (Due to its length, this URL URL in full Uniform Resource Locator Address of a resource on the Internet. The resource can be any type of file stored on a server, such as a Web page, a text file, a graphics file, or an application program. may need to be copied/pasted into your Internet browser's address field. Remove the extra space if one exists.) "I am pleased to announce a profit before tax of $1.9m which is a significant milestone in the history of the group," according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Cormac Whelan, Chief Executive Officer of Datalex. "While there was a revenue decline in 2005 from 2004 (7%), this was due to our migration towards the transaction model which forfeits short term license revenue for potentially longer term earnings. "2005 saw the continued validation of our value proposition to the travel distribution market place, both in terms of product and the transactional pricing model. Over the past twelve months, we have made considerable investments in extending our airline product suite and domain expertise. This has led to the award of prestigious transaction based contracts from SAS (1) (SAS Institute Inc., Cary, NC, www.sas.com) A software company that specializes in data warehousing and decision support software based on the SAS System. Founded in 1976, SAS is one of the world's largest privately held software companies. See SAS System. and Virgin Atlantic Airlines. "In 2006 we will continue our investment in our products, particularly focusing on some of the more travel content aggregating and leisure orientated o·ri·en·tate v. o·ri·en·tat·ed, o·ri·en·tat·ing, o·ri·en·tates v.tr. To orient: "He . . . functionality like car and hotel shopping and dynamic packaging. This will broaden our value proposition across the entire travel industry (airline, hospitality, resort supplier, agency and online intermediary). We have already proven successful in customer acquisition across the value chain with leading resort supplier and operator, Vail Resorts Vail Resorts, Inc. runs four ski resorts in Colorado, as well as one in Lake Tahoe (on the California-Nevada border) and a summer resort in Wyoming. They also own luxury resort hotels throughout the United States. The company trades on the New York Stock Exchange, symbol MTN. and travel distributor, STA Travel STA Travel is the world's largest travel organization for students and young people. Founded in 1979 by acquiring assets from the bankruptcy of AUS Student Travel in Australia including their successful UK company (trading since 1976). in 2005 and we expect to grow our market presence in 2006." The following sets out the financial highlights for the year.
%
2005 2004 Increase/
US$'000 US$'000 Decrease
Revenue 28,384 30,532 (7%)
Gross Profit 10,229 11,159 (8%)
Operating Expenses 8,833 11,679 (24%)
Profit/(Loss) on ordinary activities before
tax 1,876 (18)
Basic earnings per share in US Cents 0.03 Nil
Total Assets 46,548 50,533
Total Equity 40,224 37,939
Operating expenses Operating expenses The amount paid for asset maintenance or the cost of doing business, excluding depreciation. Earnings are distributed after operating expenses are deducted. decreased from $11.7m to $8.8m. This was mainly due to the capitalisation of $2.6m of development expenditure which has been included in intangible assets on the balance sheet. About Datalex Datalex travel distribution software and solutions enable suppliers and distributors deliver increased content and choice to their customers across multiple sales channels, while reducing distribution costs. Datalex solutions support millions of online transactions each day for its customers, which include major airlines, hotel and resort groups, and major travel distribution organisations. Datalex has served the travel industry with innovative technology products and solutions for over 20 years and has an in depth understanding of the distribution environment. Founded in 1985, the company is headquartered in Dublin, Ireland, and maintains offices across Europe, the USA and Asia-Pacific. Datalex is a publicly held company traded on the Irish Stock Exchange The Irish Stock Exchange (ISE) (Irish: Stocmhalartán na hÉireann) is Ireland's stock exchange, formed through the merger of the Cork and Dublin exchanges, both of which have existed as far back as 1793. (symbol: DLE, and also OTC: DLEXY). For more information, please visit the company's Web site at www.datalex.com. This press release contains certain forward-looking statements. Actual results may differ materially from those projected or implied in such forward-looking statements. Such forward-looking information involves risks and uncertainties that could significantly affect expected results. |
|
Printer friendly
Cite/link
Email
Feedback
Reader Opinion