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Alliance News Detail


SimiGon Confident For Growth In 2015 As 2014 Net Profit Rises

[ 13 Apr 2015 08:44 ]

LONDON (Alliance News) - Simulation software provider SimiGon Ltd Monday expressed confidence in producing year-on-year growth in its current financial year, is it posted a rise in net profit for 2014.

Simigon proposed a final and total dividend of 0.6 cent per share, up from 0.543 cent in 2013.

The company reported a net profit of USD1.4 million for 2014, up from USD896,000 a year before, as revenue rose slightly to USD8.3 million from USD8.2 million, and operating expenses also were reduced slightly, mostly as a result of lower sales and marketing expenses.

During the year the company won a new three-year maintenance and support contract for USD800,000 with an undisclosed European customer, signed a new license agreement with Corporacion de Alta Tecnologia para la Defensa and signed a Chinese civil aviation training deal worth an initial USD750,000.

"With excellent revenue visibility as a result of our long-term contracts and a strong forward order book, the board enters the current financial year with increased confidence in delivering continued year-on-year growth as demonstrated by the company's continued annual dividend distribution," the company said in a statement.

Shares in Simigon are trading down 5.0% at 26.12 pence Monday morning.

By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews

Copyright 2015 Alliance News Limited. All Rights Reserved.


SimiGon Confident For Growth In 2015 As 2014 Net Profit Rises - Alliance News

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