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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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