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February 16, 1999


By CBR Staff Writer

Anglo-French IT services conglomerate Sema Group plc has reported net profits for the year to December 31, 1998, up 55% at 68.5m pounds on revenue that rose 21% to 1.17bn pounds. At the pre-tax level, profits were up 33% at 74.9m pounds. Earnings per share rose 32% to 12.2 pence. Last yearÆs net profit was bolstered by the sale to British Aerospace of SemaÆs share in a joint venture in the defence sector, namely BaeSema, which brought in a profit of 37.2m pounds before the writing back of goodwill. The results failed to inject enthusiasm into the stock markets, however. SemaÆs shares closed down 0.4% on the London Stock Exchange, at 741.5 pence.

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