28th Feb 2014 13:44
LONDON (Alliance News) - Sanderson Group PLC Friday expressed confidence for "significant progress" in the current year in a statement ahead of the company's annual general meeting.
The software and IT services company said it had made a good start to the current financial year ending September 30, with its order intake and order book ahead of the previous year.
Its acquisition One iota Ltd has made a positive start, Sanderson said. The company said its short term priority is the integration of One Iota and its other acquisition, Catan Marketing Ltd.
Sanderson noted that although business confidence in the UK was increasing, many customers remained cautious in making investment decisions. Despite its cautious outlook, Sanderson said its business model "supports and underpins the commitment to maintain its dividend policy."
Sanderson provides software and services for the food and drink processing market.
Shares in Sanderson last traded flat at 63.00 pence Friday afternoon.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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