IT services provider SciSys says that it improved its operating margins in 2011.
Trading has been in line with expectations even though management was cautious at the interim stage. A low tax rate will help earnings per share.
During the year, SciSys used its spare cash to buy its head office. It was cash neutral at the end of the year. The dividend will be increased.
A strong order book augurs well for this year. The environment division is the only part of the business with a shorter term order book. Management expects further growth in revenues, profit and margins in 2012.
The full year figures will be published on 22 March.
At 49.5p a share, SciSys is valued at £14.4m.
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