Crimsonwing plc published its full-year results as at 31 March 2008 following a Board of Directors meeting held on 29 July. The Directors approved a net interim dividend of €0.01 per share to those shareholders on the Company’s register as at close of trading on Tuesday 5 August 2008. The shares will trade ex-dividend as from 6 August 2008.
Crimsonwing registered a 35% increase in revenues over last year of €9,552,567 to 31 March 2008. The Directors attribute this rise in revenues to increased sales of product licenses and associated consultancy support from vendors. A pre-tax profit of €909,324 was registered, 17% lower than last year solely due to the impact of the euro to Sterling exchange rate which fell from 1.45 to 1.25. Overall gross profit margins remain healthy at 52% of revenue.
A review of the Full-Year Results is available here.
Clients interested in receiving a copy of our short note providing further details of Crimsonwing’s results including our opinion are requested to complete a feedback form.