News blog
Geong International Ltd
- BY: Andrew Hore |
- POSTED: 26/10/2009 |
Enterprise content management software provider Geong International Ltd has grown its order book.
The order book was worth £13.8m at the end of September 2009, against £10.6m six months earlier.
Trading is in line with expectations. Margins have improved but they are likely to flatten off.
There was net cash of £2.4m at the end of September 2009 and that has risen to £4.5m following the £2.3m gross placing at 38p a share.
Geong reported a 93% increase in revenues to £14.7m in the year to March 2009. Underlying profits improved from £1.3m to £2m.
At 45p a share, Geong is valued at £17m.
The interim figures will be published on 2 December.
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