TTS Total Systems

 

TIDMTTS 
 
RNS Number : 2801N 
Total Systems PLC 
13 February 2009 
 
 
Total Systems plc 
 
 
Q3 Interim Management Statement 
 
Total Systems plc ("the Company") suppliers of cost effective and flexible 
software systems to the financial services industry, primarily in the insurance 
and warranty sectors is pleased to provide its Interim Management Statement for 
the quarter ended 31 December 2008. 
 
 
The Company's trading over the period from 1 October 2008 to 31 December 2008 is 
much improved against last year. Turnover is well ahead for this period due to 
unanticipated business being received. This has resulted in a satisfactory 
profit being made for the third quarter. 
 
 
The last quarter of our financial year is likely to see a lower level of 
activity than the third quarter but the full year performance should exceed 
market expectations at the turnover level.At the profit level performance for 
the year will be diluted by the expense incurred in carrying out essential 
repairs to our office premises in the last quarter of the year but should still 
be around market expectations.  The cash position at the end of the third 
quarter has improved further since the publication of the Interim Report. 
 
 
Our asset base remains healthy. The Company has no debt, reasonable cash 
balances to support its operations and owns its office premises outright. With 
existing client business and a reasonable level of sales prospects the board 
believes that the Company is well placed to cope with the likely difficult 
market conditions over the next year. 
 
 
 
Website: www.totalsystems.co.uk 
For further information please contact 
Terence Bourne, Chairman, Total Systems plc    020 7294 4888 
Granville Harris, 
Finance Director, Total Systems plc    020 7294 4888 
 
 
 
 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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