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Trading Update

17th Jan 2012 07:00

RNS Number : 6573V
NetDimensions (Holdings) Limited
17 January 2012
 



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

[email protected]

Fiona Henson

[email protected]

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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