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Sabien Technology

  • BY: Andrew Hore |
  • POSTED: 01/10/2012 |

Energy efficiency technology supplier Sabien Technology increased its profit last year and it has already received £650,000 worth of orders so far in 2012-13.

Revenues improved from £2.09m to £2.47m in the year to June 2012, with two-fifths of those revenues coming from the largest customer and a further 10% from the second largest customer. Pre-tax profit rose from £194,000 to £278,000.

The M2G is a boiler control that can be retrofitted to a boiler and help to reduce energy consumption and component wear and tear. Development continues of the M3G technology aimed at the air conditioning market.

Net cash was £1.4m at the end of June 2012.

At 42p a share, Sabien is valued at £13.2m. The shares are trading on 28 times prospective 2012-13 earnings.

Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFSeptember2012_36.pdf

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