15th Dec 2005 07:00
Microgen PLC15 December 2005 microgenInformation Management Solutionswww.microgen.co.uk 15 December 2005For release at 7-00am Pre-Close Trading Update For the year ending 31 December 2005, the Board currently anticipates reportingprofit before tax, intangible amortisation and exceptional items slightly aheadof current analyst consensus, on revenue slightly below current analystconsensus. This is consistent with the market environment reported at the timeof the interim results and the Board's focus on profit and cash flow. The integration of the acquisitions announced in July has been completed and theintegration of the acquisition of Milvus Software announced in November is welladvanced and progressing satisfactorily. The Operating Board of the Group has been strengthened through the recruitmentof two new Managing Directors, one for the Group's Commercial business unit whostarted on 5 December and one for the Group's Banking business unit who willstart in early 2006. These appointments, together with an increased investmentin sales and marketing, will position the Group to benefit from the new productswhich have been launched in 2005 and those scheduled for launch in 2006. The Group has now drawn down the commercial mortgage secured on its longleasehold and recently-acquired freehold properties which was being negotiatedat the time of the interim results. As a result, cash balances at 30 Novemberwere £11.5 million with net funds of £5.5 million. The Preliminary Results for the year ending 31 December 2005 are anticipated tobe released in early March 2006. Contact: Mike Phillips, Group Finance Director 01252-772312 Giles Sanderson, Financial Dynamics 020-7831-3113Ben Way, Financial Dynamics This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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