Sign up UNITED KINGDOM
Proactive Investors - Run By Investors For Investors

Galasys expects ‘in line’ results, but cautions over legal costs

The Asia focussed ticketing group highlighted numerous and significant contract wins in 2015.
Galasys expects ‘in line’ results, but cautions over legal costs
Galasys has systems installed for 170 attractions in China and South East Asia.

Asia focussed ticketing systems group Galasys (LON:GLS) said it expects financial results for 2015 to be in line with market expectations.

Galasys said it won numerous and significant new contracts during the year, in addition to its repeat business, and highlighted that it two most recent contracts were worth a combined £290,000.

Sean Seah, Galasys chief executive, said: "I am pleased that we have been able to complete another successful year with a strong financial and operating performance.”

The company added, however, that it is likely that certain one-off exceptional items relating to an ongoing litigation will cause pre-tax profits and earning to be reduced in 2015.

It also pointed out that it is possible that profits could be materially below expectations if the court makes Galasys pay the legal costs.

Highlighting the company’s commercial successes Seah said that contract wins in 2015 mean the group’s systems are now used at more than 170 attractions across China and South East Asia, compared to 60 sites at the time of the Galasys AIM float in 2014.

Jamie_55a91591db06b.jpg
Why Invest In Galasys PLC? Read More Here

Register here to be notified of future GLS Company articles
View full GLS profile

Galasys PLC Timeline

Newswire
September 19 2016
Newswire
December 14 2015
Big Picture
September 08 2015

Related Articles

golfer silhouette
January 12 2017
ZoomAway's technology allows travellers to bundle together accommodation with activities such as golf or skiing, and book it directly through the hotel's website
Gamers playing
February 22 2017
PCG’s shares rocketed nearly 150% higher over a five-day period as a stock overhang created by its decision to draw a line under the CPDC purchase was finally cleared.
Fun fair
September 14 2016
Ticketing and "virtual queueing" group hails new business wins and tech advances

© Proactive Investors 2017

Proactive Investor UK Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.