17th Jan 2012 07:00
17 January 2012
NetDimensions (Holdings) Limited
("NetDimensions" or the "Company")
Trading Update
NetDimensions (AIM: NETD), a provider of talent management systems, is pleased to announce a trading update following its 31 December 2011 financial year-end.
The Company reports that:
·; Revenue and profit before tax for the year are estimated to be ahead of market expectation, due to a strong performance in the final quarter of the year.
·; The Company continues to generate cash and had at the year-end approximately US$6.9 million (US$6.0 million at the end of 2010).
·; At 31 December 2011 rates, the cash position equates to 17.8p in cash per share.
CEO Jay Shaw commented: "We have continued to see growth in the business, not only in terms of new clients, but also in terms of numbers of users, even amidst a worsening euro-zone financial situation in the year. NetDimensions will continue to grow our business organically and strategically in 2012 through stronger product offerings and expansion of sales coverage in the growing emerging markets to stay competitive in the uncertain global economy."
NetDimensions will announce full year results in April 2012.
Enquiries:
NetDimensions (Holdings) Limited | Tel: +852 2122 4500 |
Jay Shaw | |
Clarence Wu | |
Panmure Gordon (UK) Limited | Tel: +44 20 7549 3600 |
Nomad & Broker | |
Fred Walsh | |
Charles Leigh-Pemberton | |
Walbrook PR Ltd |
Tel: +44 20 7933 8783 |
Financial Public Relations | |
Bob Huxford | |
Fiona Henson |
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