StockMarketWire.com - Sabien Technology reports that revenue in the year was £2.47m compared with £2.09m for last year.

The profit before taxation was up 47% £0.28m (2011: £0.19m) and profit after taxation was £0.52m (2011: £0.23m). The increase in profit after taxation is due to the recognition of a deferred tax asset of £0.24m (2011: £0.04m) in respect of available tax losses.

At 30 June 2012, cash and cash deposits amounted to £1.40m (2010: £1.03m).

The Group continues to participate in and track a number of significant public sector tender opportunities which, if awarded, are expected to produce revenues in excess of recent annual turnover.

However the exact timings of orders and the resultant cash flows are not certain at this time


At 9:11am: [LON:SNT] share price was 0p at 42p



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