21st Century Reports Stellar Year End Results

21st Century Technologies (LSE:C21) continued to rise on the London Stock Exchange today following the release of its final results for the year ending December 31, 2011. The year end results were so strong that the company has declared a one-off payment to shareholders of 3.5pps. Only a fortnight ago the company share price rose over 11% on the awarding of a £3.3 million contract by the Swedish company Arriva. Share price was at 19p by early afternoon today.

Financial Highlights of the Report

• Total revenues increased by 29% to £14 million.
• Operating profits increased 72% to £1.5 million.
• After tax profits were up 89% to £1.2 million
• Cash on hand at year end was £2.8 million, up from £1.1 million at previous year end.
• Earnings per share more than doubled from 0.61p last year to 1.31p.

Operational Highlights of the Report

• A £7.2 million contract with Keolis in Sweden.
• The company was named “preferred mobile CCTV supplier” to FirstGroup UK Bus
• Significant growth of the company’s EcoManager sales and distributorships.
• Testing of EcoManager product underway throughout Europe and the Middle East.

Corporate Comments

Jan Holmstrom, Chairman of 21st Century was quoted as saying, “2011 was a good year for the group. We have achieved a significant increase in sales, profit and cash generated from operations. Having successfully repositioned the company, we believe we have a great opportunity to build on our success in domestic and international public transport markets.”

Company Spotlight

21st Century is one of the leading suppliers of Closed Circuit Television (CCTV) specifically for the transportation section in Europe. The company offers a broad range of CCTV and related services to bus, truck, taxi, and other fleets of all sizes. The company supplies a variety of products including live on-board video transmitted to fleet operations and law enforcement, and digital passenger counting systems. In addition to Arriva, 21st Century is the preferred on-board CCTV supplier for the Go-Ahead Group, FirstGroup UK Bus, and Keolis Sverige AB in Sweden.

References
↑ Official company history
↑ Growth Company Investor
↑ Official company report
↑ Official company information

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