ISV Patsystems has seen a 353% increase in pre-tax profit to
£1.63m for 2006 from £0.36m a year earlier as the
firm translated years of research and development into
significant sales. Based on these results, the AIM-listed firm
said its board will recommend the payment of its maiden
dividend to shareholders of 0.3 pence per share on 25 May.
CEO David Webber told FO Week that during the year the group
installed 12 trading systems globally, nine of which including
Citigroup and Nomura were new customers. Other clients include
JP Morgan in London and CFETS in China.
Webber described 2006 as a landmark year and one which
should serve as a springboard for the company's future.
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