- Sabien Technology Group reports a major increase in sales and profits for the six months to end of December 2011.

The manufacturer of the patented M2G energy saving devices shows sales up 32% to £1,492k (£1,128k in 1st half 2010/11) and profit before tax up 63% to £301k (£185k in 1st half 2010/11)

The company points to £1,510k of sales orders already achieved in the first 6 months of this financial year (£1,450k in 1st half 2010/11)

Also £354k of orders received since 1 January 2012 giving total orders received for the financial year to date of £1,864k which compares with 2010/11 full year revenue of £2,087k

Sales from indirect partners in the period increased to £311k (21% of the total) compared to £70k (6% of the total) in 1st half 2010/11

Cash at the end of the period was £1,343k (£1,033k at 30 June 2011.) Sales pipeline of £9.5m up from £8.3m in October's update

At 8:49am: [LON:SNT] share price was +5p at 36p

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