Print   

Monday 05 July, 2010

Sagentia Group PLC

Pre-Close Trading Update

RNS Number : 7772O
Sagentia Group PLC
05 July 2010
 



 

Embargoed Release: 07:00hrs 5 July 2010

 

 

 

SAGENTIA GROUP PLC 

('Sagentia' or the 'Group')

 

Pre-Close Trading Update

 

Sagentia Group plc is an international technology consulting company providing outsourced R&D consultancy services from market analysis, through product development to transfer-to-manufacturing for the medical, consumer and industrial sectors.

 

 

The Group's profit for the period ended 30 June 2010 is anticipated to be substantially ahead of market expectations with PBT for the 6 month period ahead of the current market forecast for the year as a whole. This significant turnaround in performance, compared to the loss reported in the first half of 2009, is due to the restructuring undertaken in the second half of last year and strong trading in the first half of 2010.

 

As a result of the successful Placing, raising £7.7 million net of expenses, the first half operating performance and the cash flow seasonality, cash at 30 June 2010 was £12.5 million, with debt of £5.9 million, producing net funds of £6.6 million, compared to net debt at 30 June 2009 of £4.8 million.

 

The Interim Results for Sagentia Group plc are anticipated to be released in late July.

 

 

Enquiries:

Sagentia Group plc                                                           

Martyn Ratcliffe, Chairman

Brent Hudson, Chief Executive

Guy McCarthy, Finance Director       

(44) 1223 875 200

www.sagentiagroup.com

 

 

Arbuthnot Securities:

Nick Tulloch

(44) 207 012 2000

www.arbuthnot.co.uk

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
TSTKKBDDABKDKOK

Investegate takes no responsibility for the accuracy of the information within the site.


The announcements are supplied by the denoted source. Queries about the content of an announcement should be directed to the source. Investegate reserves the right to publish a filtered set of announcements. NAV, EMM/EPT, Rule 8 and FRN Variable Rate Fix announcements are filitered from this site.



Investegate      © 2012 FE. All rights reserved.