Gamma, a leading, technology based provider of communications services to the UK business market, is pleased to announce its audited results for the year ended 31 December 2015.
|Years ended 31 December|
|Gross Profit margin||42.9%||39.0%||+3.9%|
|Profit Before Tax||£22.6m||£11.5m||96.5%|
|Adjusted Profit Before Tax*||£21.0m||£16.7m||25.7%|
|Dividend per share||6.60p||3.95p (final); 5.93p (pro-forma)||11.3%|
|Net operating cash inflow before tax**||£25.3m||£19.4m||30.4%|
|Net operating cash inflow before tax** / Adjusted EBITDA*||89.4%||84.0%||+5.4%|
* before share based payments and exceptional items (and associated tax effects where relevant)
** being “Net Cash flows from operating activities” plus “Taxes paid” before exceptional cashflows
Note: The above consolidated results relate to Gamma Communications plc
Bob Falconer, Chief Executive Officer, commented
“We are pleased with the progress we have made in 2015. Our current strategic products of SIP and Cloud PBX have continued to drive growth. A growing reputation in the enterprise and public sector markets has helped us win sizeable orders, such as HMRC, via a channel partner and Taylor Wimpey and Peabody Housing through our own direct sales teams. Excellent progress has also been made with our pipeline of new products; our multi-site data network was launched on time at the end of June 2015, our new mobile service is scheduled for full launch in June 2016, whilst at the same time significant value adding enhancements have been made to our strategic products. We are also investing in reducing the cost of our access network by extending our own network capability deeper into local areas, with the first, reduced cost, access sites in London coming on line in May 2016.”
Gamma is a rapidly growing, technology based, provider of communications services to the UK business market. Gamma’s services, such as Cloud PBX, Inbound Call Control Services and SIP Trunking, are designed to meet the increasingly complex voice, data and mobility requirements of businesses, through the exploitation of its know-how and own intellectual property.
Gamma also provides services such as business-grade broadband, ethernet and mobile and data services and, as a consequence of its history, has a substantial voice service capability. These services enable Gamma to provide a comprehensive range of communications services.
Gamma has enjoyed strong organic revenue and EBITDA growth driven by a high percentage of repeat revenues. The business had 670 employees at 31 December 2015. It operates across six main locations – headquartered in Newbury – with offices in Port Solent, Manchester, Glasgow, London and Budapest.