Annual Report 2008
StatPro is please to report that in April the Annual
Report and Accounts for the year ended 31 December 2008 were
published. The Annual General Meeting was held on 20 May 2009 and
all resolutions proposed were passed.
Commenting in a trading update ahead of the meeting, Carl Bacon,
Chairman of StatPro said: "Trading for the first four months of
2009 is slightly ahead of the Directors' expectations and
significantly ahead of the same period in 2008, reflecting recent
new contract wins as well as the positive impact of the
restructuring achieved in 2008 and the benefits of our recurring
revenue business model. The refinancing announced in February 2009
and the continued operating cash generation has led to a further
strengthening of the balance sheet.
"A key focus of our client base continues to be on cost saving
initiatives, for which our products and services are well suited,
offering tangible savings for our clients whilst enabling them to
improve the quality of services they provide to their clients. It
is important for asset managers to re-establish confidence with
their clients following several months of market turbulence. The
use of our products assists them in achieving this through
providing greater transparency, enhanced risk management processes
and exemplary compliance with the many governance rules.
"Looking ahead to the rest of the year, we have a strong
pipeline of new sales and feel confident that we can continue to
grow at our current rate. The action we took last year to
reorganise our business has already yielded considerable benefits
and we are increasing our capacity to sell in both North America
and Europe. We are therefore confident of a successful year
ahead."
A copy of the Annual Report is available online. Please
go to our Investor Center and download it there.
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