- Sabien Technology Group, the manufacturer and supplier of M2G, a boiler energy efficiency technology, has said that for the year ended 30 June 2013 profit before tax is expected to be in line with market expectations.

Turnover is expected to be at a similar level to 2012 despite orders received being £0.5m higher at £2.9m. Net cash of £1.3m is lower than last year's £1.4m due to the significant amount of sales at the end of the period.

The company says that while it is focusing primarily on the UK, it firmly believe there is a significant international opportunity for Sabien and M2G and it continues to look to grow revenues through international opportunities.

Alan O'Brien, Chief Executive Officer, commented: "Overall, I'm pleased with the progress the company has made in the second half of the year. This is a testament to the dedication and hard work of our people. They have performed admirably.

"The tangible benefits of these efforts are now becoming more evident and demonstrate the opportunity that Sabien has ahead of it. I'm confident our stronger financial performance will provide the company with the impetus towards continued and sustainable profitable revenue generation and smart innovation over the coming years and I am delighted to be leading the business at this exciting time."

At 8:30am: [LON:SNT] share price was 0p at 27.75p

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