Business
Half Yearly Report
Half Yearly Report.
About this update from Sabien Technology Group Plc
[{"type":"text","content":"\n \nRNS Number : 4438O Sabien Technology Group PLC 09 February 2016 \n\n9 February 2016\nSabien Technology Group Plc\n(\"Sabien\" or the \"Group\")\n \nUnaudited Interim Results for the period to 31 December 2015\n \nSabien Technology Group plc (AIM: SNT), the manufacturer of the patented M2G energy saving devices, announces its unaudited interim results for the six month period ended 31 December 2015 (comparatives are shown for the same period in the previous year unless otherwise stated):\n \nHighlights in the period\n \n· Sales revenue £321k (2014/15 - £542k) \n \n· Sales orders received £268k (2014/15: £610k)\n \n· Loss before tax £984k (2014/15 - £521k loss)\n \n· Net cash at the end of the period £868k (£1,171k at 30 June 2015)\n \n· Sales pipeline of £6.4m \n \n· 30 UK Pilots agreed with customers\n \n· Sales from indirect partners 49% of total sales revenue (2014/15: 24%)\n \n· Overseas sales £69k (2014/15: £121k) \n \n· Order for £314k received in February 2016 giving total orders received since 1 January 2016 of £412k. Total orders received so far for delivery this financial year £680k (2014/15 - £2,000k)\n \nChairman and Chief Executive Officer's Report\n \n \nSales order update:\n \nWe are pleased to announce that the Group has received an order in February 2016 for £314k from a Council that had completed a pilot at 3 of its sites of the Group's M2G product in November 2014. The pilot results showed an average saving of 11% with a payback of under 3 years. \n \nStrategy update:\n \nIn the last Annual Report, we stated that the Group had set a new 5 year growth strategy to remove uncertainty around sal...