Sabien Technology Group has announced a 114 per cent increase in turnover for the year to 30 June 2011, compared to the previous year in its trading report.
The company's estimated pre-tax profits for the year are expected to be around £0.19 million compared to a loss of £0.34 m in the previous year. Consolidated net cash balances as at 30 June 2011 were £1.05 m (2010: £0.96 m).
Sabien has also released details of the increase in the Group's sales pipeline which was around£7.9 m as at 30 June 2011, up from £5.7 m at the end of December 2010. In this context, Sabien is pleased that its order visibility from direct sales, indirect partners and its US distributor, remains strong and the company expects further growth for the next year.
In May 2011, Sabien was also awarded the Jones Lang LaSalle's inaugural Supplier of Distinction Award for Energy & Sustainability, recognising Sabien's delivery of high calibre services, value and innovation to Jones Lang LaSalle's clients.
