StockMarketWire.com - Sabien Technology, which makes energy saving devices for commercial boilers, said sales for the year to end-June were up 44% to £973k from £675k the prior year.

The group's loss after tax before exceptional items was down 37% to £517k from £825k.

Sabien raised a £400k bridging loan to repay General Capital's convertible loan of £483k during the period.

Sales from indirect partners increased by 34% to £154k from £115k representing 16% of total sales revenue.

Since the year end, sales orders received total £813k representing 84% of the whole of the previous year's sales revenue.

The growing sales pipeline currently stands at c.£3.5m which includes over 100 blue chip private and public sector multi-site organisations.

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