Published: May 15, 2015
THE FOLLOWING IS A COMPANY ANNOUNCEMENT ISSUED BY 6PM HOLDINGS P.L.C. (“6PM” OR THE “GROUP” AS THE CASE MAY BE) PURSUANT TO MALTA FINANCIAL SERVICES AUTHORITY LISTING RULES.
As quoted in the Annual Report currently being distributed to the shareholders, in 2014 the Group continued to build on the achievements reported in 2013 and secured positive results; a trend that started during the rights issue held in 2011. In the financial year ending 2014 the group registered a profit after tax of GBP 822,191.
In 2014 the company increased its strategic investment within Javali LLC in Utah USA. The company has also grown its presence in emCare and has invested further in its star product iFIT™. Intellectual Property of this product is now wholly owned by 6PM.
The business vision and strategy remains consistent with the organisation consolidating its position as a products based company focusing solely on Healthcare IT Solutions in the Clinical, Information Management and Logistics Management segments.
During the first months of 2015 6PM also introduced a new software license model, replacing the perpetual license model adopted up to 2014, which will result in increasing revenues through the renewal of software licenses. In addition the company also announced that it is looking into launching a consumption model (Software as a Service) for smaller health providers.
Looking forward the organization aims to consolidate further its position in the UK market and to continue reaching out to other markets. To this effect 6PM is planning to undertake an acquisition of another ICT health business in the United Kingdom. This will significantly increase its customer base, grow revenues, grow annuity business, grow EBITDA and pre-tax profit.
The group is cautiously optimistic that the profitability situation experienced over the past years will be portrayed in the financial year 2015.
Dr. Ivan Gatt
13th May 2015