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Annual Report & Accounts 2009
Revenue of £8.5 million
2008: £9.2m
Profit before tax of £0.7 million
2008: £2.8m
EPS of 1.57 pence
2008: 6.48 pence
Strong balance sheet with cash
of £3.8 million at year end
Cash generated from operating activities £0.9m
Final dividend of 0.4 pence,
payable on 4 June 2010,
representing a total dividend
for 2009 of 0.6 pence
Trading revenues maintained
Recurring trading revenues maintained year on year
despite difficult economic conditions
7% growth for Gibraltar
Organic growth of 7% in Gibraltar CTS division
Acquired CTS business in Luxembourg
STM adds further cross-border capabilities to the Group,
subject to regulatory approval
New products launched
New products launched, including International
Life Bond and EFRBS
STM Swiss gaining momentum
Set up STM Swiss in Zurich, now gaining traction
