System C Healthcare plc
22 November 2005
System C Healthcare plc: AGM Statement
The following will be read out by Jim Horsburgh the Company's Chairman at the
company's Annual General Meeting to be held at 10.30am today 22nd November 2005.
"It has been well documented in recent months that changes in system scope
within the National Program for IT (NPfIT), and structural changes within the
NHS, have led to a rescheduling of new deployments by the four UK regional Local
Service Providers. This volatility in the flow of contracted work has created
more difficult market conditions for many suppliers, and has led to revenue not
being generated as fast as anticipated for the first half of our financial year.
We have maintained our operational and development capacity to ensure that we
are able to take full advantage of the significant business opportunities
referred to below.
Overall demand for new systems remains high and these timing changes have
generated very significant new product and services opportunities which we are
currently negotiating. The outcome of these negotiations will have a significant
impact on the results for the full year and beyond.
Our reputation for products and service delivery record is increasingly
recognised within the industry, and we remain in a strong position to profit
from growth opportunities as NPfIT gathers pace. We are well supported in this
by a strong cash and balance sheet position.
Our interim results will be announced on 25th January 2006."
Enquiries:
System C Healthcare 01622 691 616
Ian Denley, Chief Exectutive
Jim Horsburgh, Chairman
Maitland 020 7379 5151
Emma Burdett
Neil Bennett
This information is provided by RNS
The company news service from the London Stock Exchange
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.