Sabien Technology swings to profit as large order boosts revenue

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Boiler energy efficiency technology manufacturer Sabien Technology swung to a full-year profit after a large order helped it more than double its revenue.

Pre-tax profit for the six months through June amounted to £0.18m, compared to a loss of £0.85m on-year. Revenue rose to £1.38m, up from £0.59m.

Net cash at the end of June was £0.74m.

Chairman Richard Parris said the company had reduced its cost base and received a significant sales order in April from a major government department.

At 8:27am: (LON:SNT) Sabien Technology Group PLC share price was -0.02p at 0.16p