News blog

Sanderson

  • BY: Andrew Hore |
  • POSTED: 07/12/2007 |

Enterprise software provider Sanderson reported flat profits for the year to September 2007 but the acquisition of retail software supplier Retail Business Solutions will be significantly earnings enhancing in 2007-08. 

Sanderson used to be dependent on the manufacturing sector but multi-channel retail was three-fifths of last year’s revenues and it will be more like three-quarters next year when RBS makes a full contribution. That market is growing at around 6% a year. The enlarged group has more than 600 retail customers.

The RBS is the first acquisition of any size that Sanderson has made since floating on Aim.

Stripping out share-based payments, amortisation and disposal gains, Sanderson increased its profits from £3m to £3.14m last year. Turnover was £18.2m and with the RBS revenues this should rise to more than £30m this year.

At 49.5p, the full year dividend of 2.7p a share means that the shares yield 5.5%.

© 2022 Aim Micro. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Browse by issue
All issues
Popular tags
All tags

betbrokers, financial, gold, health, leisure, media, mobile, resources, services, technology

AIM Micro feeds

Keep up to date with articles published at AIMMicro.com. Subscribe to AIM Micro RSS Feeds