By Iain Gilbert
Date: Monday 06 Jul 2020
LONDON (ShareCast) - (Sharecast News) - Energy reduction group Sabien Technology said on Monday that it had not escaped the impact of the Covid-19 pandemic, despite managing to double revenues throughout the second half of the year.
However, Sabien said that its unaudited total sales for the year came to approximately £460,000 - a marked reduction when compared to the £1.37m brought in by the firm twelve months prior.
The AIM-listed group attributed the decrease in full-year sales to an exceptional order of £846,375 in the prior year and three months of lost sales due to Covid-19 lockdowns.
Sabien's board believes that first-half sales represented a "low watermark" after several years of diminishing performance and said sales prospects were "demonstrably strengthening" and consistent year-on-year growth was expected as it transitions into a "more realisable" go-to-market strategy.
Operationally, Sabien also said it was planning a strong start to the new financial period, with a backlog of more than 300 M2G units to install and a confirmed order book of approximately £140,000.
As of 1330 BST, Sabien shares were untraded at 0.19p.
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Currency | UK Pounds |
Share Price | 12.25p |
Change Today | -0.25p |
% Change | -2.00 % |
52 Week High | 15.50 |
52 Week Low | 7.50 |
Volume | 6,033 |
Shares Issued | 23.20m |
Market Cap | £2.84m |
RiskGrade | 6,154 |
Value |
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Price Trend |
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Income |
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Latest | Previous | |
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Interim | Final | |
Ex-Div | n/a | 30-Oct-14 |
Paid | n/a | 28-Nov-14 |
Amount | 0.000p | 0.28p |
Time | Volume / Share Price |
13:57 | 6,000 @ 12.15p |
12:41 | 33 @ 12.15p |
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