GALASYS PLC 15 January, 2015
Galasys PLC
("Galasys" or the "Group")
Pre-Close Update
Trading Ahead of Market Expectations and Maiden Dividend
Galasys PLC (AIM:GLS), a leading provider of ticketing systems and solutions to the fast growing amusement park industry in Asia,is pleased to provide the following trading update for the year ended 31 December 2014 in advance of the release of its annual results in April.
Trading and Dividend Update
The Board is delighted to report that Galasys expects to announce a set of results for the year to 31 December 2014 that will be ahead of market expectations.
As a result of the positive growth achieved both organically and through acquisition, the Board intends to bring forward its plans to implement a progressive dividend policy by declaring a maiden dividend for 2014 with the announcement of the full year results in April, whilst recognising the need for Galasys to continue investing in its expansion and product development plans throughout 2015 and beyond.
Commenting on the announcement, Mr. Seah, Chief Executive, said:
"Given the management time taken in completing our successful IPO in 2014, I am pleased that we have been able to complete a very successful 12 months with a strong financial and operating performance. We have continued to grow the business at a strong pace throughout 2014 and we now provide our solutions and services to 106 amusement parks across China and South East Asia, compared to 60 sites at the time of our admission to AIM in May 2014. Asia remains the fastest growing market for the global amusement park industry and Galasys is well positioned and will continue to grow in this region."
"At the time of the IPO, the Board committed the Group to pursuing a progressive dividend policy and because of the strength of our performance and profitability in 2014 I am delighted to report that we intend to implement that policy with a maiden dividend for 2014."
For further information, please contact:
Galasys PLC Teh Kim Seng - Non-executive Chairman Sean Seah - Chief Executive Officer | + 6032858 9959 |
WH Ireland (Nominated Advisor & joint broker) Adrian Hadden/Mark Leonard | 0207 220 1666 |
Newgate (Financial PR) Adam Lloyd/Heather Armstrong/Jasper Randall | 0207 653 9850 |
About Galasys
www.Galasystec.com
Galasys is a leading integrated and modular amusement park solutions and services provider to premier amusement parks in China and South East Asia. Through its proprietary systems, the Group provides amusement park operators with the ability to sell, manage and analyse tickets, visitors, merchandise sales and other amusement park operations. It has been operating since 2005 and supplies solutions and services to more than 100 amusement parks in China and South East Asia. The Group has invested more than 50 man-years in R&D and owns the intellectual properties to its software and systems. The Group's first ticketing management system contract was awarded in 2005 by Chime Long Group. The Group currently employs and retains more than 140 people across Asia.
This information is provided by RNS
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