Business
Half-year Report
Half-year Report.
About this update from Sabien Technology Group Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 8312G\n Sabien Technology Group PLC\n 31 March 2022\n \n \n \n \n THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF REGULATION 11 OF THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS 2019/310\n \n \n \n \n \n 31 March 2022\n \n \n Sabien Technology Group Plc\n \n \n (\"Sabien\", the \"Company\" or the \"Group\")\n \n \n \n \n \n Unaudited Interim Results for the six months ended 31 December 2021\n \n \n \n \n \n Sabien Technology Group plc (AIM: SNT), a Company \n focussed on building a portfolio of solutions, in the heating, cooling and transportation sectors, that deliver immediate reductions in CO2 emissions\n announces its unaudited interim results for the six-month period ended 31 December 2021 (the \"Period\") (comparative figures are shown for the comparable period in the previous financial year unless otherwise stated):\n \n \n \n \n \n Highlights in the Period\n \n \n \n \n \n · \n Sales revenue £121k (2020: £412k)\n \n \n · \n Sales orders received £278k (2020: £362k)\n \n \n · \n M2G units sold 15 (2020: 175)\n \n \n · \n M2G cloud solution packages sold 31 (2020: nil)\n \n \n · \n Gross profit £75k (2020: £325k)\n \n \n · \n Gross profit margin 62% (2020: 79%)\n \n \n · \n Loss before tax £569k (2020: £310k loss)\n \n \n · \n Net cash at the end of the period £624k (£229k as at 31 December 2020)\n \n \n · \n Overseas sales £6k (2020: £18k) \n \n \n · \n Completion of significant initial £100k investment in emerging green oil to hydrogen technology - Proton Technologies Canada Inc (\"Proton\")\n \n \n · \n Established a special purpose vehicle to develop City Oil Field Inc. (\"COF\") installations internationally called b.grn Group Ltd (\"b.grn\"), pronounced \"Be Green\"\n \n \n · \n Signed a Memorandum of understanding (\"MOU\") with COF and b.grn to formalise the purchase price of COF equipment and Sabien's revenue model from the arrangement\n \n \n Highlights since the period end\n \n \n · \n Sales of £269k to 31 March 2022 (£560k for three months ended 31 March 2021)\n \n \n · \n Net cash balance of £325k to 31 March 2022. (£1.76m to 24 March 2021)\n \n \n · \n \n £264k Further Repeat Order 1\n \n - order received via a major facilities management contractor on behalf of a UK government department, £206k has been recognised prior to 31 ...