LONDON (Alliance News) - Back office software company EG Solutions PLC on Thursday said its first half trading was in line with market expectations, with a boost to its order book and revenue visibility.
EG said its order book of multi-year contracts, to be recognised over the next three to four years, was at GBP15.5 million at the end of the first half of its financial year on July 31, up from GBP13.0 million a year earlier. The group expects to post revenue for the first half of GBP3.6 million, up from GBP3.1 million.
The group has spent the first half investing in its operational sales and marketing functions, along with accelerating its product development plans. As a result of this, its EG Forecasting and EG Mobile products will be launched in London in September.
The group will post its results for the six months to the end of July on September 23.
"We are pleased to be reporting continued growth in line with the plans we outlined to shareholders at the time of the placing. With an increased order book, a strong pipeline and robust board and management team, we look forward to the remainder of the year with confidence," said Chief Executive Elizabeth Gooch.
Shares in EG were up 1.5% to 68.00 pence on Thursday morning.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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