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Sopheon
- BY: Andrew Hore |
- POSTED: 31/01/2012 |
- COMMENTS: Add yours
Product innovation software developer Sopheon has confirmed its trading statement at the end of 2011 which admitted that 2011 revenues would be lower than previously expected.
Revenues of £11.5m were previously forecast but finnCap has reduced this to £10.3m. A 2011 pre-tax profit of £400,000 is forecast, down from £700,000 in 2010.
The house broker is also reducing its 2012 revenue forecast from £12.5m to £12m. A 2012 profit of £500,000 is forecast.
At 5.88p a share, Sopheon is valued at £8.55m.
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