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  • BY: Andrew Hore |
  • POSTED: 03/11/2008 |

Xploite says its full year profits will be much better than expected thanks to recent licence agreements and strong trading.

The shares rose 2.75p to 36.5p each, which values Xploite at £14.4m.

Xploite is selling the legacy monitoring software solutions part of the Itheon business to Bluechip Customer Engineering for £3.3m. There will be a £1m gain on disposal. The business made profits of £391,000 in the year to October 2008.

That disposal has helped to cut net debt from £7.39m at the end of April 2008 to £1.25m at the end of October 2008.

Results for the year to October 2008 will be published in the week commencing 19 January 2009. 

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