RS2 Software plc – Approval of preliminary financial statements for the year ended 31 December 2010

RS2 Software plc – Approval of preliminary financial statements for the year ended 31 December 2010

RS2 Software plc announced that at the meeting held on April 12, 2011, the Board of Directors approved the financial statements for the financial year ended December 31, 2010. The Board resolved that these financial statements be submitted for approval of the shareholders at the forthcoming Annual General Meeting which is scheduled for Tuesday, June 14, 2011.

The Group register a profit before tax of EUR 1.61m, compared to the previous profit before tax of EUR 0.43m. Revenue for the period increased by 27.4 per cent, from EUR 5.89m in 2009 to EUR 7.51m in 2010. Earnings per share rose from EUR 0.027 to EUR 0.076.

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 0.032 per share amounting to EUR 1.2m, which are exempt from tax in the hands of the shareholders. This dividend, if approved, at the Annual General Meeting, will be paid on Wednesday, June 15, 2011, to shareholders who appear on the shareholders’ register as at the close of business on Monday, May 2, 2011.

To view the Annual Financial Statements, Click Here.