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
 
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