Profits for the full year rose 10% to £46.5 million, while turnover increased 18% to £515.1 million. Xansa announced that its dividend is being held at 3.24p per share.
In other news, HBOS has given notice that it intends to terminate its joint venture with Xansa. The First Banking Systems joint venture will cease trading in December 2003. Xansa will receive £9 million in compensation as a result of HBOS’ decision to end the venture.
