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 ------------------------------------------------------------------------------ This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: DXS International plc via Thomson Reuters ONE HUG#1671454
DXS International plc : DXS International plc : Half-yearly report
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