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eg solutions

  • BY: Andrew Hore |
  • POSTED: 17/08/2011 |

Back office optimisation software provider eg solutions says that its interim revenues are 10% higher and profit has increased substantially.

Net cash has increased from £770,000 to £920,000 over the six months to July 2011.

House broker Arbuthnot is maintaining its full year profit forecast of £600,000. Interim revenues of £2.65m are expected but the profit will continue to be second-half weighted.

The interim figures will be published on 21 September. Arbuthnot hopes that by that time eg solutions will have secured orders that will enable it to achieve forecast 2011-12 revenues of £5.9m.

At 61.5p a share, eg solutions is valued at £8.79m.

Download the August 2011 edition of AIM Journal at http://www.hubinvest.com/AIMPDFAugust2011_23.pdf

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