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Intercede Group
- BY: Andrew Hore |
- POSTED: 02/04/2009 |
Intercede Group says its revenues will be at least £5.3m in the year to March 2009.
The identity and credential management software supplier says that it has high levels of interest for its MyID technology. Expected revenues are more than 90% higher than in 2007-08. Interecede will make its first ever profit. The operating profit should be more than £1m. There is cash in the bank of £3.7m and the net cash figure should be around £1.6m.
More recent contract wins include for the Queensland Police and the NHS.
Full year results will be published in June 2009.
At 44.5p a share, Intercede is valued at £16.6m.
FinnCap has taken over from KBC Peel Hunt as nominated adviser and broker.
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