Sagentia Group Sees 1H Profit Well Ahead Of Market Views

5th Jul 2010 07:28

LONDON (Dow Jones)--Sagentia Group PLC (SAG.LN), an international technology consulting company, said Monday its profit for the period ended June 30, 2010, is anticipated to be substantially ahead of market expectations with pretax profit for the 6 month period ahead of the current market forecast for the year as a whole. MAIN FACTS: -This significant turnaround in performance, compared to the loss reported in the first half of 2009, is due to the restructuring undertaken in the second half of last year and strong trading in the first half of 2010. -Cash at 30 June was GBP12.5 million, with debt of GBP5.9 million, producing net funds of GBP6.6 million, compared to net debt at June 30, 2009 of GBP4.8 million. -Shares closed Friday at 35 pence. -By Tommy Stubbington, Dow Jones Newswires; 44-20-7842-9268; [email protected] (END) Dow Jones Newswires July 05, 2010 02:28 ET (06:28 GMT)