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eg solutions

  • BY: Andrew Hore |
  • POSTED: 08/06/2011 |

Strong trading momentum has continued into this year for operations management software supplier eg solutions.

Three-fifths of anticipated revenues for this financial year have already been contracted.

In the first four months of the financial year eg solutions has focused on implementing projects won last year but the company is confident that it will win more contracts over the coming months.

There is £1.3m in the bank, up from £487,000 at the end of January 2011. 

Phil Lee has joined the board as a non-executive director and he has responsibility for finance.

At 70.5p a share, up 4.5p, eg solutions is valued at £10.1m.

House broker Arbuthnot forecasts a profit of £570,000 this year. The shares are trading on 20 times forecast earnings for 2011-12.

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