ABAS Software AG holds annual shareholder meeting:
2008 - On the road to success
Jul 1st, 14:44 UTC
Karlsruhe, June 30th, 2009 - On June 19th, 2009 the ABAS Software AG -provider of ERP and eBusiness software - held their annual shareholder meeting. Supervisory board chairman Thomas Frank and CEO Werner Strub gave an account of the company`s recent performance.
Remarkable growth in sales revenue, sales figures and equity capital
The year 2008 has been successful again for the ABAS Software AG. Sales revenue, sales figures and the equity capital have been considerably increased in comparison to the previous year. A major part of the growth is based on the revenue of software license sales. In countries abroad, ABAS reported a growth of 32% compared to 2007.
The software company's total sales revenue increased by 7% in 2008 to a total of EUR 10.853k. The result of operations amounts to EUR 1.088k.
ABAS consecutively states profit since the past 15 years. With the given results, the equity capital has been increased once again by 14% to EUR 4.560k. By now, the equity capital contribution to the total assets is 77%. Based on an excellent liquidity, ABAS is self-financed and financially independent. For the year 2008, the management board and the supervisory board have been ratified concordantly. The general meeting agreed on a dividend of 8% on ordinary shares and 12% on preference shares.
(Submitted by Team Marketing & Press of ABAS Software AG)
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