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Servoca announce financial results

Highlights

&middot     Revenue &pound43.06 million (2012: &pound42.49 million)

&middot     Gross profit &pound12.26 million (2012: &pound11.98 million)

&middot     Administrative expenses (excluding amortisation and share based payments) &pound11.37 million           (2012: &pound11.70 million)

&middot     Profit before taxation (excluding amortisation and share based payments) &pound0.81 million (2012:        &pound0.21 million)

&middot     Net debt decreased to &pound3.07m (2012: &pound3.27m)

&middot     Basic EPS of 0.56p before amortisation and share based payments (2012: 0.09p )

 Commenting on the results, CEO Andy Church, said, "We are very pleased to have returned to growth after a challenging period.  We now have a solid cash generative and profitable platform from which to drive the business forward, both organically and through suitable acquisitions"

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