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Sanderson Group

  • BY: Andrew Hore |
  • POSTED: 21/04/2010 |

Enterprise software provider Sanderson Group says that improved trading momentum has continued throughout the first half.

Revenues and profits are ahead of last year and the order book is £1m higher than one year ago and this will come through in the second half. Net debt fell by almost £1m over the past six months to just over £9m at the end of March 2010.

Sanderson remains cautious but it is confident about the full year outcome. 

Charles Stanley forecasts a recovery in underlying pre-tax profits from £1.4m to £1.9m in the year to September 2010.

The interim figures will be released in late May.

In February, executive chairman Christopher Winn spent £2.15m to buy 10.76m shares from Alchemy at 20p each.

At 27.5p a share, up 1p on the day, Sanderson is valued at £11.9m.

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