RS2 Software plc – Approval of preliminary financial statements for the year ended December 31, 2009

RS2 Software plc – Approval of preliminary financial statements for the year ended December 31, 2009

RS2 Software plc announced that at the meeting held on April 20, 2010, the Board of Directors approved the financial statements for the financial year ended 31 December 2009. The Board resolved that these financial statements be submitted for the approval of the shareholders at the forthcoming Annual General Meeting which is scheduled for Monday, June 14, 2010.

The Company registered a decline of 77% in its Profit before tax, from EUR 2.9 million in 2008 to EUR 654,234 in 2009. Revenue also saw a decrease, from EUR 8.33 million to EUR 5.89 million. Consequently, the Earnings per share of the company dropped from EUR 0.073 to EUR 0.029.

The Board of Directors further resolved to recommend for the approval of the Annual General Meeting the payment of a net final dividend of EUR 0.022 per share amounting to EUR 825,000, which are exempt from tax in the hands of the shareholders. This dividend, if approved at the Annual General Meeting, will be paid on Tuesday, June 15, 2010 to shareholders who appear on the shareholders’ register as at the close of business on Wednesday, 12 May 2010.

To view the official announcement and the Financial Statements, Click Here.