PROFILE SYSTEMS & SOFTWARE SA

PROFILE'S interim results - Sharp increase in the Group's and Mother Company's figures

With an upward pace in figures PROFILE Group announces its interim results for 2006. In particular there was a 3 digit percentage increase in profits with the net profits after tax to reach the amount of euro 676 thousand showing an increase of 205% in comparison to the first half results of 2005. Total group's turnover reached the amount of euro 7.131 million demonstrating an increase of 62%, while for reasons related to the successful restructuring of the group, the completion of investment program and the expansion to new sectors, there was an increase of the profit before tax (EBT) of 126% reaching euro 934 thousand. Consolidated earnings before depreciation, tax and interest (EBITDA) reached the amount of euro 1.559 million enjoying an increase of 72% compared with the respective economic period of 2005. Turnover of the mother company, PROFILE SA, increased by 70% amounted for euro 6.437 million. The profits before tax for the mother company account for euro 958 thousand, while profits after tax account for euro 676 thousand an increase of 77%. Earnings per share (EPS) reached euro 0,09 demonstrating an increase of 197% compared with the respective period of 2005. It is worth mentioning that earnings per share for the total of 2005 were of euro 0,11. This impressive change is due to the increase in the turnover as well as the improvement of the operating margin of the net profits from 5% to 9,5% which followed the improvement of the EBITDA margin from 20,6% to 21,9%. Cash flow from operations were positive by 1.435 as well as total cash flows (after investments, loan and dividend payments), and as a result net cash of the group on 30/06/2006 reached the amount of euro 1.884 million in contrast to 1.103 million on 30/06/2005. PROFILE's management state that the increased investment rate of the previous years which offered the competitive edge to the group and the expansion to other sectors and products of increased value added, have positively affected the new projects and the profit margin which demonstrate substantial increase. This pace of increase is expected to continue in the future, with the results of this year-end to present a positive increase as a consequence of the respective interim results. This estimation is supported by the continuous commission of new projects on behalf of Banks both in Greece and abroad, the future undertaking of new projects for the Public sector and the PROFILE's Group new office in Romania.

About PROFILE
PROFILE provides integrated software solutions in the Financial sector and the wider business sector via its two distinctive business units with offices in Athens, Thessalonica, Nicosia and Bucarest. In particular, PROFILE Financial Solutions Business Unit offers solutions in the fields of Investment Management, Treasury & Risk, Brokerage & Trading, Market Data & Analytics, Shareholders Management and Banking. PROFILE Business Solutions Unit offers software solutions of integrated systems in the field of CRM, e-Business, Ticketing (shipping and ferries and tourism), system integration and education. Website: www.PROFILE.gr