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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Sabien Technology Group Plc | LSE:SNT | London | Ordinary Share | GB00BN6JG812 | ORD 3P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 12.50 | 12.00 | 13.00 | 12.50 | 12.50 | 12.50 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2019 to Apr 2024
TIDMSNT
RNS Number : 8570B
Sabien Technology Group PLC
11 June 2019
For immediate release
11 June 2019
Sabien Technology Group plc
("Sabien" or "the Company")
New contract award and trading update
The Board of Sabien Technology Group plc (AIM: SNT), the manufacturer and supplier of M2G, an energy efficiency technology, announces that the Company has been awarded a new contract worth GBP78,475 by a leading UK energy and services group for the installation of M2G across the estate of one of its County Council clients.
The Company has also signed a two-year framework agreement (with an option to extend for a further year) with this same energy services company for the supply and installation of its M2G technology. The Board will update the market as and when further orders become material.
The Board is also pleased to announce that it currently expects to report revenues for the year-ended 30 June 2019 (the "Period") of approximately GBP1.2 million (2018: GBP0.51 million) and a small profit before taxation (2018: loss of GBP1.65 million). Net cash amounted to approximately GBP0.89m as at 7 June 2019.
The cost reduction policy implemented during 2018 and the receipt of some significant sales orders during the Period contributed to the Company's much improved financial performance. The Company expects to report its full year results for the year ended 30 June 2019 in October 2019.
Sabien continues to work diligently to bring the near-term pipeline into reported revenue, although as previously reported, the conversion of the sales pipeline into sales orders remains unpredictable.
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No 596/2014 ("MAR"). The person who arranged for the release of this announcement on behalf of the Company was Alan O'Brien, CEO and Director.
For further information:
Sabien Technology Group plc +44(0)20 7993 Alan O'Brien 3700 Beaumont Cornish Limited (Nominated Advisor) Michael Cornish and Roland Cornish +44(0)20 7628 www.beaumontcornish.com 3396 Peterhouse Capital Limited (Broker) +44(0)20 7469 Martin Lampshire and Fungai Ndoro 0930
ENDS
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
MSCLLFSFRSILLIA
(END) Dow Jones Newswires
June 11, 2019 08:46 ET (12:46 GMT)
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