August 14, 2009
eg solutions plc (”eg” or “the Company”; LSE-AIM: EGS), the operations management software company, is pleased to issue an update on trading for the six months ended 31 July 2009.
The positive trends announced at the time of the Annual General Meeting on 16 June 2009 have continued for the remainder of the first half year.
The results for the half year are expected to be in line with market expectations with revenues of approximately £2.1 million (H1 2008: £2.3 million) and a turn round from a loss of £0.8 million in the second half of last year to a profit of approximately £0.05 million, unchanged from the first half of last year.
Net cash deposits as at 31 July 2009 were £0.6 million, up from £0.26 million at the last year end.
Despite difficult market conditions, the Company has been pleased to announce a number of new contract wins in recent weeks, underpinning expectations for the current year as a whole with over 80% of anticipated revenues for the year to 31 January 2010 already contracted.
Announcement of results for the six months ended 31 July 2009
The results for the six months ended 31 July 2009 are expected to be announced on Wednesday 23 September 2009.
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CONTACTS
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eg solutions plc |
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Elizabeth Gooch, Chief Executive Officer |
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Tel + (0) 1785 715772 www.eguk.co.uk
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Bankside |
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Steve Liebmann, Simon Bloomfield or Andy Harris |
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Tel + (0) 20 7367 8888
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Brewin Dolphin Ltd (Nominated Adviser) |
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Mark Brady, Director Corporate Finance Tel + (0)845 213 4748 |
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About eg solutions plc
eg solutions plc is a global operations management software company. Our software provides historic, real-time and predictive Operational MI. When implemented with our training programme for managers and team leaders to use this intelligence, we guarantee improvements in operational results in short timescales.
The Company, which is listed on the Alternative Investment Market (‘AIM’) of the London Stock Exchange, is committed to customer satisfaction and the ongoing development of its operations management solutions.
