Trading Statement
22 February 2010 - 6:00PM
UK Regulatory
TIDMSKHG
RNS Number : 4405H
Sky High PLC
22 February 2010
22 February 2010
SKY HIGH PLC
("Sky High" or the "Company"
TRADING STATEMENT
The Board of Sky High (AIM: SKHG), is pleased to provide an operational update.
The Company has come through the recession in a strong and stable position
through a combination of carefully managed fixed costs, increasing sales and
investing in software and hardware. Sales are back to last year's levels and
are expected to increase in all its operating units as the Company's long term
business plans take hold. The Company does not expect to increase its fixed
costs over this period. The Company is active in recruiting sales and marketing
executives experienced in the data capture and data collection field.
Sky High Technology Limited has operated at record levels this year and
enquiries are at an all time high. The important enquiries-to-sales conversion
ratio has remained stable.
Sky High Data Capture (SHDC), formerly Halifax Computer Services, has completed
its first full year's trading within the Sky High Group. SHDC remains
profitable and is looking to expand its existing client base. SHDC will focus
on growing its traditional work source and increasing profitability by
outsourcing.
Sky High Australia Data PTY has implemented some major changes. It has won new
framework agreements whilst retaining its existing agreements. It has seen
its orders grow by 48% since 1st April 2009 and has become a key player in the
Australian vehicle data collection industry. It has also reduced its fixed
operating costs. It is expected to add value by increasing its outsourcing
abroad by up to 200%
Diversification
The Board continues to support and invest in the research and development of
technologies and software which brings new opportunities for data collection
such as vehicle tracking software. Sky High is also actively engaged in inter
company trading and joint ventures to help develop its overall strategy and
therefore the growth of its business.
Acquisitions
The Board continues to review potential acquisitions and is actively engaged in
finding and assessing suitable targets.
For further information, please contact:
+------------------------------------------------+-----------------+
| Sky High Plc | |
+------------------------------------------------+-----------------+
| Mark Mattison, Chief Executive Officer | 01937 833 933 |
+------------------------------------------------+-----------------+
| | |
+------------------------------------------------+-----------------+
| Astaire Securities Plc - Nominated Adviser & | |
| Broker | |
+------------------------------------------------+-----------------+
| Shane Gallwey | 020 7448 4400 |
+------------------------------------------------+-----------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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