logo-loader
TechSoftware & services
Sanderson Group

Sanderson Group sees rush of new business

Profits rose by 14% to £1.03mln, with cash generated over the period also strong.

Picture of Spurs' footballer, one of its customers
Spurs are one of Sanderson's software customers

Sanderson Group PLC (LON:SND) upped its half year dividend by 11% as it picked up substantial amounts of new business.

The supplier of enterprise software to Hotel Chocolat, Scotts of Stow and football club Spurs lifted revenues by 8% overall to £9.9mln in the six months to March, with orders also sharply higher.

Profits rose by 14% to £1.03mln, with cash generated over the period also strong.

Ian Newcombe, chief executive, said the general economic environment had improved with a ‘very high level of business’ from new customers especially toward the end of the half when ten new customers placed orders worth just over £2mln.

The order book at the end of the period was worth £3.2mln, up from £2.35mln six months earlier.

Recurring revenue from pre-contracted licence and ongoing support services grew to £5.19 mln (2015: £4.76 mln) or 53% of the total.

The interim dividend rose 11% to 1p.

Shares added 1% to 83.5p.

Quick facts: Sanderson Group

Price: 0 0

Market: AIM
Market Cap: £0.00
Follow

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Versus Systems sign deal to use technology in HP computers

Versus Systems (CSE:VS) CEO Matthew Pierce joined Steve Darling from Proactive Vancouver at the LD Micro Conference at the Luxe Hotel in Los Angeles. Versus uses an in-app advertising tool that rewards consumers with brands they want while engaging with the games & apps they love.

5 hours, 50 minutes ago

2 min read