30 August 2006
Interim results for the six months to 30 June 2006
Cyprotex PLC (LSE:CRX), the drug discovery technology and information
company, today reports its Interim Results for the half year ended
30 June 2006.
• Improving trade and working capital management has resulted
in Cyprotex becoming cash flow positive during the first six months
of 2006. Cash resources rose to £0.86m, from £0.69m at
the end of 2005.
• Revenues increased by approximately 16% to £1.62m (1H
2005: £1.40m).
• Gross profits rose by over 16% to £1.41m (1H 2005:
£1.22m).
• Gross margin, at 87%, was stable compared with the same period
last year.
• Basic loss per share declined to 0.23p (1H 2005: 0.37p*).
• The rapid expansion of the Group’s customer base accelerated
further as a result of the marketing drive from its expanded sales
force and greater penetration in the United States.
*Restated following the adoption of FRS20 on 1 January 2006
Commenting on the results, Robert Morrisson Atwater, Chairman and
Chief Executive Officer of Cyprotex PLC, said: “Cyprotex is
a high technology company with exceptional operational gearing. We
expect the benefits of the US sales and marketing drive implemented
in recent months to be seen in the coming months.”
For further information:
Cyprotex PLC
Robert Morrison Atwater, Chief Executive Officer
Tel: +44 1625 505 100
ir@cyprotex.com
www.cyprotex.com
Noumura Code Securities Limited
Charles Walker
Tel: +44 20 7776 1206
cew@codesecurities.com
www.codesecurities.com
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