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Final Results

ServicePower (AIM:SVR), a market leader for outsourced service and field management, announces its audited results for the year ended 31 December 2013.

Financial summary

  • Revenues up 26% to £14.0 million (2012: £11.1 million) reflecting growth in all areas of the business and in each core product
    • Revenues recurring in nature increased by 20% to £12.0 million (2012: £10.0 million)
  • Gross profit up 47% to £6.6 million (2012: £4.5 million)
  • Profit after tax of £0.2 million (2012: restated loss £1.6 million*)
  • Cash balance of £2.7 million growing to £3.4 million in January 2014 (2012: £4.5 million)
  • Basic and diluted earnings per share of 0.1p (2012: restated loss of 0.87p)

Read the entire release: 2013 Final Results

Jenniffer L. Breitenstein | Service Power
VP,Global Marketing With a BSBA from the University of Louisville, Jenniffer is a seasoned marketing professional whom has demonstrated success in creating and implementing revenue generating and cost saving products, services and programs, in the retail, manufacturing, third party administration, as well as the service and software industries. She has spent nearly 20+ years working in marketing, sales, partner management, product development and program management roles at companies including Accent Marketing, Service Net Warranty (now AIG Warranty), GE Consumer and Industrial's Warranty Management subsidiary, and later GE Capital. Prior to that, she worked in a number of marketing and management roles in various marketing companies. She is also a Six Sigma certified Green Belt and graduate of GE's Management Development Course.