News blog
Sagentia Group
- BY: Andrew Hore |
- POSTED: 05/07/2010 |
Technology consultancy Sagentia Group says that its interim profit will be greater than the forecast profit for the whole of 2010.
House broker Arbuthnot was forecasting a full year profit of £500,000. Sagentia made a loss in the first half of 2009 but trading has been stronger in the first half of 2010 and the business is benefiting from last year’s restructuring.
At 39.5p a share, up 4.5p on the day, Sagentia is valued at £16.5m. A recent placing raised £8m (£7.7m net) at 40p a share. Sagentia has net cash of £6.6m.
The interim figures will be published in late July.
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