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SciSys

  • BY: Andrew Hore |
  • POSTED: 31/05/2012 |

IT services SciSys says that its order book has grown by 8% to 28.8m by the end of March 2012. 

There is scope for further growth from expected work on the Warrior Armoured Fighting Vehicle upgrade programme.

Trading in the first half has been more buoyant than expected and the year will be less second-half weighted than originally envisaged.

SciSys generates 45% of its business from outside of the UK which helps to offset reduced government spending in the UK.

Additional income will be generated from the 10-year sub-lease of part of the Chippenham head office.

SciSys intends to continue growing its dividend.

At 53.5p a share, SciSys is valued at 15.5m.

Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFMay2012_32.pdf

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