12th Apr 2005 06:00
microgenInformation Management Solutionswww.microgen.co.uk12 April 2005For release at 7-00am AGM Trading Update At the Company's Annual General Meeting to be held at 9-00am this morning,Martyn Ratcliffe, Executive Chairman, will provide the following update ontrading in the first three months of the year :"The year has started well with profitability materially ahead of the Board'sexpectations for the quarter. This performance has been driven by continuedhigh levels of consultancy utilisation across the Group and the ongoingmigration of the payment customer base to BACS-IP.While the performance in Q1 provides a strong foundation for the year, ingeneral, customers remain cautious and the Board continues to manage thebusiness prudently, taking into account this market environment.With its successful track record of acquisition integration, the Boardcontinues to explore further merger and acquisition opportunities, particularlywithin the financial services sector, that could enhance shareholder value."Contact: Mike Phillips, Group Finance Director 01753 847122 Giles Sanderson, Financial Dynamics 020 7831 3113 Ben Way, Financial Dynamics ENDMICROGEN PLCRelated Shares:
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