Stilo International plc ('Stilo', the 'Group' or the 'Company') today announces its unaudited Interim Results for the six months ended 30 June 2017. The Company provides software tools and cloud services that help organisations create and process structured content in XML format, so that it can be more easily stored, managed, re-used, translated and published to multiple print and digital channels.

FINANCIAL HIGHLIGHTS

• 4% increase in sales revenues to £910,000
(2016: £874,000)
• Post-tax profits of £142,000
(2016: £181,000)
• Improved cash position of £1,602,000 as at 30 June 2017
(2016: £1,393,000)
• Payment of an interim dividend of 0.05 pence per Ordinary Share, representing a 25% increase
(2016: 0.04 pence per share)
• Increased investment in R&D to £290,000
(2016: £259,000)

BUSINESS HIGHLIGHTS

• 18% increase in recurring software maintenance revenues to £465,000 (2016: £394,000)
• 34% increase in Migrate revenues
• Migrate customers for the period include GE, Brocade, Tyco, ITT, Microchip, Tibco, Cisco, Deltek and the RSSB (Rail and Safety Standards Board)
• Release of trial version of AuthorBridge v2
• Release of Migrate JATS for the Scientific and Scholarly Publishing market
• Launch of new web site (www.stilo.com)

David Ashman, Chairman, commenting on the Company's performance, stated:

'Our total sales revenues for the period increased by 4%, with encouraging increases in Migrate sales and OmniMark maintenance revenues. With continuing profitability and improved cash reserves, I am pleased to announce the payment by Stilo of an increased interim dividend of 0.05 pence per share.'

ENQUIRIES

Stilo International plc
Les Burnham, Chief Executive T +44 (0)1793 441444

SPARK Advisory Partners
(Nominated Adviser)
Neil Baldwin T +44 (0) 203 368 3554
Mark Brady T +44 (0) 203 368 3551

SI Capital (Broker)
Nick Emerson
Andy Thacker
T +44 (0) 1483 413500

The information communicated in this announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.

Visit The London Stock Exchange to read the full unaudited interim results for six months ended 30 June 2017.

Stilo International plc published this content on 16 August 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 16 August 2017 10:36:01 UTC.

Original documenthttp://www.stilo.com/2017/08/16/unaudited-interim-results-for-six-months-ended-30-june-2017/

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