Sanderson announces Interim Results for the six months to 31 March 2014

Posted by Kate Simpson on Mon, Jun 09, 2014

Sanderson announces Interim ResultsSanderson Group plc (‘Sanderson’ or ‘the Group’), the software and IT services business specialising in multi-channel retail and manufacturing markets in the UK and Ireland, announces its interim results for the six month period to 31 March 2014.

Commenting on the results, Chairman, Christopher Winn, said:
“The Group has made continued progress with revenue improving to £7.94 million (2013: £6.37 million) and operating profit rising by over 20% to £1.21 million (2013: £0.99 million). The Group achieved a very good sales order intake in the period, very much reflecting the investment in the sales and marketing capability and capacity which has been made during the two previous years. Sanderson continues to convert substantially all of its profit into cash and at 31 March had a net cash balance of £5.07 million (2013: £4.50 million), which represents approximately 10 pence per ordinary share.”

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