8th Jun 2016 09:34
LONDON (Alliance News) - Sanderson Group PLC, which specialises in enterprise software for businesses operating in the retail, manufacturing, wholesale distribution and logistics sectors, on Wednesday said its interim profit rose, boosted by stronger revenue and margins.
Pretax profit rose to GBP1.0 million in the six months ended March 31, from GBP905,000 the corresponding period a year earlier, with revenue up to GBP9.9 million from GBP9.1 million. Its first-half gross margin improved to 86% from 85%, thanks to emphasis on the supply of Sanderson proprietary software and services. Sanderson increased its interim dividend to 1.0 pence from 0.9p.
"The general economic environment has continued to improve and although sales cycles do remain protracted, the group has achieved a very high level of business from new customers during the period," Chief Executive Ian Newcombe said in a statement.
"Whilst the board continues to adopt a cautious approach, the very strong order book and healthy balance sheet, together with an extensive list of sales prospects, provide a good level of confidence that the group will continue to make further progress and deliver trading results in line with market expectations for the current year ending September 30, 2016," said Newcombe.
Shares in Sanderson were down2.1% at 80.75p Wednesday.
By Samuel Agini; [email protected]; @samuelagini
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