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DJ Netalogue Technologies Plc Unaudited Results 6 months ended 30th September 2014

 
TIDMNTLP 
 
3 December 2014 
 
Dear Shareholder, 
 
I am pleased to report that the continuing investment in our technology and 
business strategies have contributed to our best ever first-half performance. 
 
The intellectual property, which is our technology, is the foundation for our 
business strategy: direct sales of B2B ecommerce solutions to manufacturers, 
distributors and wholesalers; and indirect licensing of the Netalogue B2B 
Ecommerce Platform via strategic ERP and cloud related channel partnerships. 
 
Key Highlights 
 
  * First half sales of GBP689,000, our best ever half, an increase of 35% 
    compared with same period last year. 
 
  * EBITDA improved by GBP217,000 and gross margin increased by GBP187,000 
    compared with the same period last year. 
 
  * New business signed in diverse sectors including automotive, education, 
    environment, medical, safety, electronics and industrial supplies. 
 
  * Partnerships with leading distributors of SAP and Sage products delivering 
    growth and future opportunities. 
 
  * Continued investment in the Netalogue B2B Ecommerce Platform functionality, 
    particularly in relation to customer "self-service", B2Corporate e-procurement 
    controls; mobile ecommerce; and cloud ecommerce technologies. 
 
  * Net assets of GBP 751,000, strong cash balances and no borrowings. 
 
Outlook 
 
The Netalogue B2B Ecommerce platform delivers significant value for 
organisations which require pre-engineered, enterprise scale B2B ecommerce that 
integrates seamlessly with the World's major ERP platforms, and we are seeing 
increased interest for this capability. 
 
Whilst we are constantly reminded of uncertainties in the wider economy, we 
remain confident of our strategies, a confidence underpinned by the results our 
clients, and our partners' clients achieve from the use of the Netalogue B2B 
Ecommerce Platform. 
 
I look forward to updating you in due course. 
 
Geoff Henderson 
Chairman 
Netalogue Technologies plc 
 
Netalogue Ecommerce - B2B for ERP 
www.netalogue.com 
 
 
 
Netalogue Technologies PLC 
 
Consolidated profit and loss account 
for the period ended 30 September 2014 
 
                                                       Six months    Six months 
                                                    ended 30 Sept ended 30 Sept 
                                                             2014          2013 
 
                                                             GBP000          GBP000 
 
Turnover                                                      689           511 
Cost of sales                                                (28)          (37) 
Gross profit                                                  661           474 
Net operating expenses                                      (450)         (480) 
Operating profit/(loss) before depreciation 
 and amortisation                                             211           (6) 
 
Depreciation                                                  (6)           (7) 
Amortisation of intangible assets                            (40)           (9) 
Operating profit/(loss) on ordinary activities                165          (22) 
before taxation 
Tax on loss on ordinary activities                           (33)             4 
Profit/(loss) for the period                                  132          (18) 
 
 
 
Netalogue Technologies PLC 
 
Consolidated balance sheet 
at 30 September 2014 
 
                                                          30 Sept      31 March 
                                                             2014          2014 
 
                                                             GBP000          GBP000 
 
Fixed assets 
Intangible                                                    192           232 
Tangible                                                       38            42 
 
                                                              230           274 
 
Current assets 
Debtors                                                       428           234 
Cash at bank and in hand                                      345           288 
 
                                                              773           522 
 
Creditors: amounts falling due within one year              (245)         (170) 
Net current assets                                            528           352 
Total assets less current liabilities                         758           626 
Creditors: amounts falling due after more than one year         -             - 
Provision for liabilities and charges                         (7)           (7) 
Net assets                                                    751           619 
 
Capital and reserves 
Share capital                                                 487           487 
Share premium account                                         210           210 
Profit and loss account                                        54          (78) 
Equity shareholders' funds                                    751           619 
 
The profit and loss account and balance sheet above have been prepared in 
accordance with the accounting policies, as stated in the Group's Annual Report 
and Accounts for the year ended 31 March 2014. 
 
 
 
END 
 

(END) Dow Jones Newswires

December 03, 2014 02:00 ET (07:00 GMT)