Custom software and consultancy group Total Systems Plc continues on the road to recovery, winning new customers and building on existing contracts. Pre-tax profits for the first six months rose 20.9% to UKP424,536, while turnover was up 5.9% to UKP1.4m. The board has recommended an interim dividend of 1.5 pence per share to reflect the […]
Custom software and consultancy group Total Systems Plc continues on the road to recovery, winning new customers and building on existing contracts. Pre-tax profits for the first six months rose 20.9% to UKP424,536, while turnover was up 5.9% to UKP1.4m. The board has recommended an interim dividend of 1.5 pence per share to reflect the London-based group’s ‘satisfactory’ trading levels. Cost control remains a priority, but chairman Terence Bourne believes staff levels are in line with requirements. Enough cash has been retained to finance group activities. Software aimed at the specialised financial sector sold particularly well, and Bourne is optimistic about further sales of his new fund management system, Optima. Total has succeeded in penetrating overseas markets and is still looking for acquisitions that won’t damage existing assets.
