First Half Results
February 18 2008 - 2:41AM
UK Regulatory
RNS Number:1765O
eServGlobal Limited
18 February 2008
eServGlobal Announces First Half Results, Revenue & Profit Growth.
Sydney 18 February, 2008
eServGlobal Limited (LSE: ESG & ASX: ESV), a worldwide supplier of independent
and flexible telecommunications Value Added Services for Messaging and Charging
solutions, today announced its results for the six months ending 31 December
2007.
Sales revenue for the first half was $91.2 million, compared with $74.2 million
for the previous corresponding period, representing growth of 23%. EBITDA was
$13.19 million, a growth of 46% and a margin of 14.5% of revenue, compared to
12% in 2006.
AUD Six months to 31 Six months to 31 Growth
Dec 2007 Dec 2006
Sales Revenue 91,194 74,202 23%
Cost of Sales 43,572 39,389
Gross Profit 47,622 34,813
Other Revenue 121 3
Research & Development Costs 14,622 8,413
Sales & Marketing Costs 8,176 6,579
Administration Costs 11,753 10,802
Total Opex 34,551 25,794
EBITDA 13,192 9,022 46%
Depreciation 1,492 1,157
Amortisation 3,411 3,523
EBIT 8,289 4,342 91%
Interest Expense 169 133
Profit before Tax 8,120 4,209
Tax Expense / (Benefit) 2,875 1,942
Profit after tax 5,245 2,267 131%
Minority Interest 51 64
Profit attributable to members 5,194 2,203 136%
Net Cash reserves at the half year were $2.613 million ($3.326 million at 31
Dec, 2006).
Mr Ian Buddery, Executive Chairman, said: "eServGlobal has again produced an
excellent first half result, ahead of our plan and with significant growth from
the corresponding period last year. I am also particularly pleased to note the
EBITDA margin performance of 14.5%, which reflects the success of our strategy
to improve efficiency. Our cash result was below forecast and further business
process improvements are in progress. The cash balance is forecast to reach
$13million by 30 June 2008."
"Our sales growth was the result of the strong demand for our advanced charging
and messaging solutions for mobile operators worldwide. Many of our customers
experienced record transaction volumes during the half and expect continuing
growth in subscriber numbers and services activity throughout 2008."
About eServGlobal
eServGlobal (LSE: ESG & ASX: ESV) invents smart communication and payment
solutions for telecommunications service providers operating on all generation
networks.
eServGlobal's innovative solutions help service providers to grow new revenues,
reduce churn, and lower costs. In addition, service providers are assured of
seamless evolution to new network architectures, such as IMS and beyond.
As payment is crucial, eServGlobal's Charging Suite responds to increasingly
sophisticated charging and billing challenges while providing advanced recharge
and m-payment solutions. The innovative Retention Suite delivers targeted
incentives to increase customer satisfaction and retention. Meeting customer
demand for new communication experiences, the eServGlobal Messaging Suite
enables reliable delivery of multimedia services such as unified messaging,
video blog, SMS, and instant messaging. The Network Suite supplies enhanced
personalisation and network optimisation.
Over 80 of the world's leading service providers, with over 400 million mobile
subscribers in more than 50 countries, are taking advantage of eServGlobal's
end-to-end solutions and expertise to quickly deliver revenue-generating
services. With 14 offices around the world and staff from 20 different
countries, we provide flexible solutions with ongoing product development, based
on a deep understanding of our customers' challenges.
Paste the following link into your web browser to download the PDF document
related to this announcement:
http://www.rns-pdf.londonstockexchange.com/rns/1765o_-2008-2-18.pdf
eServGlobal is listed on the Australian Stock Exchange (ASX: ESV) and the London
Stock Exchange AIM market (LSE: ESG).
More information can be found at: www.eservglobal.com
Ian Buddery David Poutney
Executive Chairman Numis Securities Limited (NOMAD)
eServGlobal Limited Tel: +44 (0)20 7260 1000
This information is provided by RNS
The company news service from the London Stock Exchange
END
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