DXS International plc : DXS International plc : Half-yearly report

      DXS International plc : DXS International plc : Half-yearly report

                            DXS INTERNATIONAL PLC

                              Half-Yearly Report

The Directors of DXS International plc are pleased to announce the results  of 
the Company for the six month period ending 31st October 2011.

The half year to  October shows the anticipated  decline in DXS's  traditional 
revenues from the Pharmaceutical sector, caused by reorganisation within  that 
sector. The decline has now halted. 

In the  meantime, the  highly anticipated  new revenue  stream for  the  newly 
formed Clinical Commissioning Groups (CCG's), which are replacing  traditional 
Primary Care Trusts (PCT's), has begun. This is as a result of DXS signing  an 
integration agreement with EMIS, the  UK's largest provider of patient  record 
systems to  primary care,  plus the  new enhancements  to the  DXS  technology 
catering to specific  CCG needs. The  result is an  exciting solution  helping 
CCGs to achieve their QIPP (Quality, Innovation, Productivity and  Prevention) 
agenda,  which  is  reducing  costs  without  adversely  affecting  healthcare 
outcomes. The  bottom line  is  that DXS  now enables  a  CCG to  deliver  its 
recommended treatment  guidelines,  referral  forms and  guides,  patient  and 
professional  education,  a  directory  of  qualified  service  providers  and 
prescribing guides to its clinicians during a patient consultation.

DXS has thus far signed  five CCGs to the basic  care pathway service and  DXS 
hopes to double this number by the end of the financial year in April. Taking
into account  the effect  of the  new  CCG contracts  (whose turnover  is  not 
represented  in  these  results),  DXS's  current  level  of  monthly  revenue 
generation is expected  to exceed £1.55m  p.a. With more  than 250 CCG's  and 
Health Boards throughout the  UK, the potential growth  for DXS over the  next 
few years is indeed exciting.

Our immediate focus  now is on  a targeted sales  and marketing campaign  with 
increased resources  in content  management and  training to  support the  new 
emerging market.

Yours sincerely

David Immelman

CEO

INTERIM RESULTS TO 31^st OCTOBER 2012

CONSOLIDATED PROFIT AND LOSS ACCOUNT

for the six month period ended 31^st October 2012

                                    Unaudited       Unaudited          Audited
                               6 Months ended  6 Months ended          Year to
                                31st Oct 2012   31st Oct 2011  30th April 2012
                                         £               £                £
Turnover                              668,009         770,468        1,404,997
Cost of Sales                       (163,606)       (281,668)        (390,529)
                                      504,403         488,800        1,014,468
Administrative Expenses             (484,143)       (467,894)        (959,051)
Goodwill written off                 (14,253)        (14,253)         (28,505)
Operating Profit/(loss)                 6,007           6,653           26,912
Other interest receivable and             871             788            1,618
similar income
Interest payable and similar          (4,855)         (5,721)         (10,108)
charges
Profit/ (Loss) on Ordinary              2,023           1,720           18,422
Activities before taxation
Tax on Profit on ordinary                   0               0           51,169
activities
Profit/ (Loss) for the period           2,023           1,720           69,591
Profit/ (Loss) per share                 0.0p            0.0p             0.3p

CONSOLIDATED BALANCE SHEET

as at 31^st October 2012

                                                    Unaudited      Unaudited

                                                  31st Oct 2012  31st Oct 2011
                                                        £              £
Fixed Assets
Intangible Assets                                     1,955,071        701,052
Tangible Assets                                           4,048         18,935
Investment                                                    -              -
                                                      1,959,119        719,987
Current assets
Debtors                                                 368,346        377,931
Cash at bank and in hand                                 48,440        114,646
                                                        416,786        492,577
Creditors: amounts falling due within one year        (739,849)      (486,976)
Net current assets/ liabilities                       (323,063)          5,601
Total assets less current liabilities                 1,636,056        725,588
Creditors: amounts falling due after more than        (956,348)      (115,774)
one year
                                                       679,9080        609,814
Capital and reserves
Called up share capital                                 92,8450         92,845
Share Premium account                                   776,054        776,054
Profit and loss account                               (189,191)      (259,085)
                                                        679,708        609,814

The above figures have not been reviewed by the company's auditors LDP
Luckmans.

The Directors of DXS International plc accept responsibility for this
announcement.

Contact Information:

David Immelman
Unit 6a, Abbey Business Park,
Monks Walk, Farnham,
Surrey
GU9 8HT

Tel: 01252 719800
Website: www.dxs-systems.com

Corporate Adviser:

David Papworth
City & Merchant Limited,
Salisbury House,
29 Finsbury Circus,
London
EC2M 5QQ
Tel: 020 7101 7676

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Source: DXS International plc via Thomson Reuters ONE
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