Business
Preliminary Results
Preliminary Results.
About this update from Sabien Technology Group Plc
[{"type":"text","content":"\n RNS Number : 1613V Sabien Technology Group PLC 29 October 2010 \n \n\n \n \n29 October 2010\n \nSabien Technology Group Plc\n(\"Sabien')\n \nPreliminary results for the 12 months ended 30 June 2010\nSabien (AIM: SNT) announces its preliminary results for the year ended 30 June 2010.\n \nSabien is focused on the manufacture and sale of M2G and M3G energy saving devices which are proven to reduce energy consumption on commercial boilers and air conditioning units by up to 35%.\n \nSabien Technology Group highlights 2010\n \n· Sales for the year up 44% to £973k from £675k\n· Loss after tax before exceptional items down 37% to £517k from £825k\n· Raised £400k bridging loan to repay General Capital's convertible loan of £483k\n· Successful placement of shares raising £1.475m and repayment of bridging loan\n· Sales from indirect partners increased by 34% to £154k from £115k representing 16% of total sales revenue\n· Appointment in May 2010 of Altium as NOMAD and Broker\nHighlights since the year end\n \n· Sales orders received since 1 July 2010 total £813k representing 84% of the whole of the previous year's sales revenue\n· This year's Project 10 is fully subscribed with large multi-site blue chip organisations\n· Growing sales pipeline currently standing at c.£3.5m which includes over 100 blue chip private and public sector multi-site organisations\n· Appointment of Dr Martin Blake to the Board\n \n \n \n \nFor further information:\n \n\n\n\n\nSabien Technology Group plc\nAlan O'Brien - Chief Executive Officer\nGus Orchard - Finance Director\n \n\n\n020 7993 3700\n\n\n\n\nAltium (NOMAD)\nAdrian Reed\n \n\n\n0845 505 4343\n\n\n\n\n \n \n\n\nChairman & Chief Executive Officer's Report\n \nWe are pleased to report on the results for Sabien Technology Group Plc (\"Sabien\", \"the Company\" or \"the Group\") for ...