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Pin to quick picksSabien Tech. Share News (SNT)

Share Price Information for Sabien Tech. (SNT)

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Share Price: 12.50
Bid: 12.00
Ask: 13.00
Change: 0.00 (0.00%)
Spread: 1.00 (8.333%)
Open: 12.50
High: 12.50
Low: 12.50
Prev. Close: 12.50
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Seriously depressed first half numbers for Sabien Technology

Tue, 09th Feb 2016 14:37

(ShareCast News) - Sabien Technology was looking at some seriously depressed numbers in its first half trading on Tuesday, blaming reduced margins and increased costs for the result.The AIM-traded manufacturer of the patented M2G energy saving devices saw sales revenue slip in the six months to 31 December, to £321,000 from £542,000 a year earlier.Its total received sales orders also dropped, to £268,000 from £610,000. The firm's loss before tax almost doubled to £984,000, from a £521,000 loss in the previous corresponding period.Sabien had net cash of £868,000 at the end of the period, down from £1.17m."Gross margins in the period at 61% were lower than in previous years due to an increase in costs related to the pilot programme", said chairman Bruce Gordon."The increase in operating loss is caused by a number of factors, including an increase of 50% in headcount, with the recruitment of more technical and administrative personnel, and the routine development and upgrading of the group's M2G product, both of which had been taken into account in the preparation of the group's budget and forecasts for the year", he explained.Sabien said it had a sales pipeline of £6.4m, with 30 pilots agreed with 30 UK customers. It also received a £314,000 order post period end, in February, giving total orders received since 1 January of £412,000."The board anticipates that the trading performance will be in line with its expectations for 2016, dependent on the group receiving a number of orders by 30 June 2016 for which customers have given an indication of the likely order date," Gordon concluded.At 1458 GMT, shares in Sabien Technology were flat at 4.87p.
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28 Mar 2023 18:43

TRADING UPDATE: Sabien Technology contract wins, Amaroq inks financing

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday not separately reported by Alliance News:

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28 Mar 2023 13:14

Sabien Technology secures further orders for M2G business

(Sharecast News) - Sabien Technology Group updated the market on its M2G business on Tuesday, which specialises in carbon dioxide mitigation devices for commercial boilers.

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27 Mar 2023 18:42

TRADING UPDATES: Sabien works with Empiric; Coro sells in Italy

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

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10 Mar 2023 14:17

Sabien awarded 'significant' UK government order

(Sharecast News) - Sabien Technology Group updated the market on its M2G business Sabien Technology on Friday, which focuses on carbon dioxide mitigation devices for commercial boilers.

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10 Mar 2023 10:56

Sabien Technology wins CO2 mitigation device order from UK government

(Alliance News) - Sabien Technology Group PLC on Friday said it had won an order for a carbon dioxide mitigation device from the UK government.

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15 Nov 2022 15:38

UK shareholder meetings calendar - next 7 days

Wednesday 16 November 
European Opportunities Trust  PLCAGM
Finsbury Food Group PLCAGM
GreenX Metals LtdAGM
Jubilee Metals Group PLCAGM
Litigation Capital Management LtdAGM
Marble Point Loan Financing LtdAGM
McBride PLCAGM
Petra Diamonds LtdAGM
Smiths Group PLCAGM
ThinkSmart LtdAGM
Thursday 17 November 
Advance Energy PLCAGM
Close Brothers Group PLCAGM
Cordel Group PLCAGM
Eagle Eye Solutions Group PLCAGM
Finsbury Food Group PLCAGM
FW Thorpe PLCAGM
Henderson EuroTrust PLCAGM
JD Wetherspoon PLCAGM
Kier Group PLCAGM
New Star Investment Trust PLCAGM
Reabold Resources PLCGM re requisitioned resolutions to remove board
Ricardo PLCAGM
Seraphim Space Investment Trust PLCAGM
Superdry PLCGM re annual and remuneration report
Supermarket Income REIT PLCAGM
Thor Mining PLCAGM
Friday 18 November 
MJ Gleeson PLCAGM
Just Eat Takeaway.com N.V.EGM
Marula Mining PLCAGM
NIOX Group PLCGM share premium account cancellation
Sovereign Metals LtdAGM
Monday 21 November 
Manchester & London Investment Trust PLCAGM
Mountview Estates PLCGM re re-electing Chair Powell, non-exec Archibald
RPS Group PLCGM cash offer agreement
Yamana Gold IncGM Gold Fields offer
Tuesday 22 November 
Alpha FX Group PLCGM re name change
Artemis Resources LtdAGM
Fonix Mobile PLCAGM
Kingswood Holdings LtdAGM
Origin Enterprises PLCAGM
Physiomics PLCAGM
Quantum Exponential Group PLCAGM
Rainbow Rare Earths LtdAGM
Sabien Technology Group PLCAGM
Town Centre Securities PLCAGM
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

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2 Nov 2022 15:32

Sabien reports positive progress at B.grn investment

(Sharecast News) - Sabien Technology Group updated the market on contract progress with the South Korea-based City Oil Field and B.grn Group on Wednesday.

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2 Nov 2022 13:53

Sabien shares rise on signing of regenerative oil supply contract

(Alliance News) - Sabien Technology Group PLC on Wednesday said it stands to earn USD1.0 million in commission for every system installed under the terms of an agreement for the UK's first regenerative green oil system.

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24 Oct 2022 15:38

Sabien Technology gets new order from 'important' client

(Sharecast News) - Sabien Technology updated the market on a new order on Monday, which it received on 21 October from a "strategically important" customer.

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24 Oct 2022 14:33

TRADING UPDATES: Sabien wins repeat order; Zephyr awaits drill permit

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

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14 Oct 2022 12:16

Sales fall, losses narrow for Sabien Technology

(Sharecast News) - Carbon reduction technology company Sabien reported full-year sales of £0.68m in its final results on Friday, down from £0.97m year-on-year, while it also received a management fee from an associated party of £0.15m.

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14 Oct 2022 10:59

Sabien Technology loss widens as costs mount and revenue falls

(Alliance News) - Sabien Technology Group PLC on Friday reported a widened loss and falling revenue as the company faced increasing costs of doing business.

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19 Aug 2022 09:58

Sabien Technology inks partnership to seek SAP approval

(Alliance News) - Sabien Technology Group PLC on Friday said is working with City Energy Network Ltd and EDF PLC to obtain Standard Assessment Procedure approval for its M2G Cloud gas reduction technology.

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16 Aug 2022 14:56

Sabien extends deal with COF as it looks to deploy technology

(Sharecast News) - Sabien Technology Group announced that its sales agency agreement with City Oil Field (COF), has been rolled forward for a further 12-month period from 14 September.

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16 Aug 2022 14:03

IN BRIEF: Sabien extends contract with City Oil Field by 12 months

Sabien Technology Group PLC - London-based boiler efficiency products company - Says its sales agency agreement with City Oil Field has been extended for a further 12-mnth period from September 14. Says the contract extension proceeds the ceremony for the first COF production plant, which took place on July 28 in Jeonnam province, South Korea, attended by Governor Kim Young-rok.

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