12th May 2015 10:40
LONDON (Alliance News) - EG Solutions PLC Tuesday said it has made an "encouraging start" to its current financial year, with new contract wins with existing customers underpinning its confidence in its full-year outlook.
The software firm said in a statement ahead of its annual general meeting it will continue invest in increasing sales, marketing and product development, supported by the proceeds of its GBP3.2 million placing in January.
It will release its mobile and forecasting applications in September, which will enhance its product offering, it said.
"EG made excellent progress in 2014 and has made an encouraging start to the current year which we believe will continue on both a product and a business level," Chairman Duncan McIntyre said in the statement.
Shares in EG Solutions are trading down 3.3% at 73.00 pence Tuesday morning, having started the day higher at 77.00p.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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