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Good Year for Datamonitor
UK-based analyst Datamonitor plc has announced preliminary results for the year ended 31 December 2005, showing group sales up 34% to £58.1m, and Profit Before Tax up 64% to £8.4m.
Normalised Operating Margin rose to 19.1% (2004: 13.7 %), normalised diluted earnings per share increased to 10.50p (2004: 5.49p) and diluted earnings per share edged up to 9.46p (9.24p). Cash Generated from Operations rose to £17.1m (2004: £7.4m), allowing the acquisitions of both the Butler Group and Verdict to be largely funded from the company's own cash resources.
Chairman Bernard Cragg comments: '2005 has been a year in which the Group delivered strong organic growth, achieved a significant improvement in operating margin and demonstrated its ability to successfully integrate, manage and improve earnings from its recent acquisitions... The business is now a year ahead of our previous expectations.'
Full details are on Datamonitor's web site at www.datamonitor.com
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