Trading Update

RNS Number : 5840X

IS Solutions PLC

17 February 2012

 

IS Solutions Plc

("IS Solutions" or "the Company")

Trading Update

IS Solutions (ISL) is pleased to announce that its results for the year ending 31st December 2011 are expected to be in line with market expectations.  As forecast in the half year announcement, the beneficial change in business mix experienced in the first half of the year continued  throughout the rest of the year, with the drop in product revenues being offset by the increased growth in the managed service and project revenues, resulting in a much stronger gross profit margin. Cash and cash equivalents remained strong throughout the year, even after an increased dividend payment and a further investment in SpeedTrap of £500k in the first quarter, it finished above the £1 million mark.

The Preliminary announcement of the Company's results will be made in the week commencing 26^th March 2012.

Enquiries:
John Lythall, Managing Director	Fiona Tooley
IS Solutions Plc	IR & Media Relations
[phone]	Mobile: [phone]
www.issolutions.co.uk
Ticker: AIM: ISL	Charles Cunningham/Rose Herbert - Corporate Finance Stephen Norcross - Corporate Broking
	FinnCap
	Tel: [phone]

 

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