Sabien plc (AIM: SNT) - interim reports disappointing at first glance but still shows potential
Sales of £542k were significantly down on the prior years (2013/14 - £924k) although the high gross margins have been maintained. This results in a pre-tax loss for the first half of £521k (2013/14 - £245k loss)
The net cash position at the period end of £1,106k (£1,425k at 30 June 2014) remains supportive.
Despite the evident first half disappointment, the sales pipeline of £6.9m (£6.9m at October 2014’s…
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