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  • BY: Andrew Hore |
  • POSTED: 23/07/2009 |

IT services provider SciSys says that first half trading has been in line with expectations.

House broker Canaccord forecasts profits of 200,000 for 2009, rising to 1.6m in 2010. The 2009 figure is after some exceptional costs. Potential contract wins in the third quarter would provide an increasingly positive outlook for 2010.

The shares rose 1.5p to 45p each, which values the company at 12.8m. The share price has more than doubled in the past six months. The shares are trading on less than nine times underlying 2010 prospective earnings.

The interim figures will be published on 24 September 2009. There may be news about the reinstatement of the dividend.

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