StockMarketWire.com - Technology consulting company Sagentia Group expects its first-half pre-tax profit to be substantially ahead of market expectations.

The group also expects to beat the current market forecast for the year as a whole.

Sagentia says its significant turnaround from a 2009 first-half loss is due to restructuring in the second half of last year and strong trading in H1 2010.

As a result of a £7.7m net placing, the first-half operating performance and seasonal cash flow, cash at June 30 was £12.5m with debt of £5.9m, producing net funds of £6.6m compared with net debt of £4.8m a year previously.

Interim results are expected to be released in late July.


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