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Profit and Earnings per share more than triple, Dividend increased.

^{Published on 2010-08-18 06:25:58 - Market Wire}
 

 In the first 9 months of fiscal 2010: - Revenues increased to $7.6 million from $6.8 million in the same 9 month period a year earlier. - Gross profit margins improved to 63%, up from 52% in the comparable 9 months last year. - Net after tax earnings improved to $2.8 million or $0.17 per share from $0.8 million or $0.05 per share in the same nine month period in 2009. - EBITDA(1) was $2.7 million or $0.16 per share. - The Sylogist Board declared a quarterly dividend of 1.75 cents per common share, an increase of 0.10 cents over the previous quarter. In the third quarter of fiscal 2010: - Revenues were $2.4 million compared to $2.7 million in the same period last year. - Gross profit margins improved to 66%, up from 55% in the third quarter of fiscal 2009. - Net after tax earnings improved to $885,000 or $0.05 per share from $0.02 in the same period in 2009. - EBITDA(1) was $855,000 ($0.05 per share). - Cash and cash equivalents as at June 30, 2010 totalled $7.2 million ($0.43 per share). - Working capital (net of deferred revenue) was $8.6 million or $0.51 per share. - Combined federal and provincial tax pools at the end of June 2010 were approximately $13 million. For the trailing 12 month period: - Revenues increased 19% to $10.1 million from $8.5 million compared to the previous 12 month period. - Gross profit margins improved to 63%, up from 49% in the same 12 months a year earlier. - Net after tax earnings improved to $3.5 million or $0.20 per share (fully diluted). - EBITDA(1) was $3.4 million or $0.20 per share.