Concurrent Technologies Plc
AGM Statement
At today's Annual General Meeting of Concurrent Technologies Plc which
manufactures high end embedded computer products for critical applications in
the defence, transportation, communications and industrial markets, Michael
Collins, Chairman, will make the following statement:
"The results for the last year were extremely pleasing and I am happy to
confirm that this good progress has continued into the new financial year. Our
first quarter sales for the current year have been encouraging and because
gross margins for this period were ahead of budget and expenses were lower than
budget, the trading performance to the end of March 2006 was substantially
better than that achieved in the same period last year."
"It is becoming clear that we are witnessing a levelling of customer demand
across the calendar quarters; traditionally the first quarter has been our
quietest period. This change is important and serves to improve the quality of
Concurrent Technologies' business as a manageable entity; planning and
scheduling are more straightforward and the business cycle shows more
predictability. Prospects for the remainder of the first half of 2006 and for
the rest of this year are good."
28 April 2006
Contacts:
Concurrent Technologies Plc 01206 752 626
Glen Fawcett, Managing Director
Nexus Financial Ltd 020 7451 7050
Nicholas Nelson Mob: 07921 522920
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