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Trading statements

ISL expects strong FY performance

01 February 2016 12:13

IS Solution says it is confident that the business will deliver a strong performance for the year ending 31 March 2016, with both revenue ahead and profitability significantly ahead of current market expectations.

Trading for the 2016/17 financial year is also expected to be significantly ahead of current market expectations.

The Company said:

"Since our Half-year financial results we have successfully continued to build on our current market position within the data solutions arena both in our domestic market and internationally, utilising our extensive technical 'know-how' and skills base.

"In 2016, we continue to witness stronger demand resulting in sales for both the IS Solutions business and Celebrus now well ahead of management budget. We are delighted to announce that the Company has secured a further two major projects with new and existing customers operating within the retail and financial services sectors. It is anticipated that these will add contracted revenue of up to GBP2 million in the current financial year and in excess of GBP250,000 per annum of recurring revenue in subsequent years. We have a number of other exciting opportunities in the pipeline with the potential to convert these in the first half of this calendar year."

At 12:13pm: (LON:ISL) IS Solutions PLC share price was +23p at 117p

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