Blog | ServicePower

March 26, 2014- Final Results

Written by Jenniffer L. Breitenstein | March 26, 2014


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