LONDON (ShareCast) - Scisys, the computer software and services company, said it improved profits during 2014 but revenues were lower than expected due to a strong sterling and concerns around public funding.
Revenues declined 5.3% to £40.3m, but profits before tax rose 67% to £3m. As a result, earnings per share jumped to 7.7p from 4.6p the year before.

The strong pound against the euro hurt its media and broadcast, and space divisions. The media and broadcast division was also affected by fewer contract wins, but still managed to deliver better-than-expected results with revenues of £8.1m, the same as the year before.

However, the space division saw revenues fall 6% to £18.6m because of euro weakness.



Land development and construction group Henry Boot said that all its businesses performed well in 2014 thanks to an improvement in the UK economy.

Revenues dropped 4.3% to £147.2m, though the prior year benefited from £30m of one-off revenue transactions at York and Bromley which were matched by cost of sales.

Profits before tax increased 54% to £28.3m, driving earnings per share up to 16.2p from 8.6p.

Showing confidence in the business, the group recommended a final dividend of 3.5p, as it said these were their best results since 2007.

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