StockMarketWire.com - Sabien Technology Group has report its preliminary results for the year to 30 June 2011 showing sales for the year up 114% to £2.09m from £0.97m.

Post-tax profits of £0.23m compared with a loss after tax of £0.34m in 2010

Notable contract wins in the 12 months included: London Borough of Greenwich; Monteray: British Telecom; Norland/Integral: Lloyds Banking Group; Corrigenda: Hampshire County Council; Cofely: Royal Botanical Gardens Kew; Lincolnshire County Council

Sales from indirect partners increased by 148% to £0.38m from £0.15m in 2010 representing 18% of total sales revenue

Net cash balance at 30 June 2011 was £1.03m (2010: £0.96m) and the company pointed toa a sSales pipeline of £7.7m at 30 June 2011 up from £3.5m at 30 June 2010.

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