Zeta Compliance Technologies
LSE : ZCGP

August 26, 2009 07:59 ET

Unaudited Interims Ended 31 July 2009

                                                                                            26/08/2009
                                                                             GB00B2R2Z520/GBP/PLUS-exn

                                       ZETA COMPLIANCE GROUP plc
                                                   
                                        (PLUS-Quoted Code: ZCG)

                        INTERIM RESULTS FOR THE HALF YEAR ENDING 31ST JULY 2009

THE  Board of Zeta Compliance Group plc ("Zeta" or "the Company") are pleased to present the unaudited
results  for the period ended 31st July 2009 during which the Company has achieved further significant
progress.

Compared to the same period in 2008, the Company achieved growth of 17.2%, and a 9.7% rise in EBITDA .
Post Tax Earnings rose to £89,042 from £49,442.

A summary of the Company's trading account for the Period is as follows:

                                          6 Months                6 Months
                                                to                      to
                                          31/07/09                31/07/08
                                         UnAudited               UnAudited
                                                 £                       £
        
Turnover                                 1,032,221                 881,001
        
Gross Profit                               680,468                 504,750
        
Administrative Expenses                    489,338                 330,556
        
Earnings before Interest,
 Depreciation, Taxation
 and Amortisation
 - and Flotation Expenses                  191,130                 174,194

Interest payable                            14,411                  19,534
Depreciation                                 4,092                   3,285
Amortisation - Software                     52,564                  35,396
             - Goodwill                      1,021                     680(1)

Profit/(Loss) Before Taxation
 and Flotation Expenses                    119,042                 115,299

Flotation Expenses                               -                  65,857

Profit/(Loss) before Taxation              119,042                  49,442

Tax (charge)/rebate                         30,000                       0

Profit/Loss after Taxation                  89,042                  49,442

After a period in autumn 2008 when existing and prospective customers, uncertain of their own outlook,
were  differing expenditure even in areas of legislative compliance, Zeta reorganised its business  to
increase  its  sales  capacity. The results have been pleasing; noteworthy new business  has  included
Marstons Inns and Taverns, Monsoon Accessorize, as well as a major high street bank.

Our  determination  to  sustain  high quality and controlled growth is demonstrated  by  obtaining  an
ISO9000 Quality accreditation, being re-awarded our Investors in People status with exemplary comments
from  the assessor and appointing Lindsay Braine as a Non Executive Director, who has a background  in
managing mission critical software projects in large organisations to set standards for and advise our
software development team.

During  this period of trading, the Company has increased its level of investment in its US associate,
Zeta Compliance Technologies LLC from 25% to 37%.  The group share of the associate company's loss for
this period amount to £1,600.

Increased revenues have been largely reinvested in building further capacity into our organization and
the  Directors  are  optimistic that the next six months will show a material uplift  in  net  profits
compared to the corresponding period twelve months previously.

The directors of the Issuer accept responsibility for this statement.

ENQUIRIES:

Graham Brown, ZETA COMPLIANCE GROUP plc                           Tel:  01869 238073

Duncan Vasey, ST HELEN'S CAPITAL plc                              Tel: 020 7628 5582

--------------------------------------
1 In the comparable Interim Results Statement in 2008, Amortisation of Goodwill was incorrectly shown
as £10,422.

Contact Information

  • Zeta Compliance Technologies