6PM Holdings plc – Interim Directors’ Statement

6PM Holdings plc announced that the Group is now reaping the rewards of the investments done following the right issue in 2011. The Group continues to sustain the performance achieved in 2012 in the first months of 2013 and managed to achieve profits month after month as from September 2011.

The executive team and the Board of Directors are continuously challenging themselves to attain the desirable results for shareholders. This is predominantly done through the monthly comparative analysis of the results with the business plan prepared by each company for 2013. Although the Maltese market was affected negatively with the slowdown encountered during the election period, the latest months showed that performance will be recouped to remain in line with the business plan. The executive team will continue with its effort to curb costs as much as possible, to secure established targets and improve the bottom line of the Group.

Encouraged by last years’ successful launch of a clinical product (having sold to three National Health Service Trusts), the Group is in the process of developing another such like product to be marketed throughout the year – early market reactions already looking positive. Furthermore, the business-to-consumer suite launched last year continued to be developed and by the end of the year, other products within the same suite will be launched. It is also worth mentioning that the Group is also investing in another line of business-to-consumer products, which will immediately derive revenue from one of the Group’s subsidiaries. Apart from the above, during these initial months, 6PM managed to secure a substantial contract as previously announced. This is an IRM solution, consisting of the Group’s own iFiT solution and EDM solution, and the Group is currently in the first stages to start implementing the project.

6PM is also heavily involved in the necessary development in one of its associated companies, emCare360 Ltd, in which the Group holds 25% equity, has now managed to secure the first 10,000 customers in Malta for e-care and e-monitoring.

The Group has now finalized the purchase of the remaining 30% of the shares within its subsidiary, Agilis6 Ltd (formerly known as Softweb Ltd), this ensuring 100% holding.

The Group is cautiously optimistic for the forthcoming financial year and anticipates that the results obtained in the first months of 2013 will continue during the rest of the year, thus keeping the positive profitability situation which was experienced in the past months.

To view the official company announcement, click here.