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GEONG on track for FY

Mon, 26th Oct 2009 07:31

China-based content management software provider Geong International said it has made good progress in the first half and it expects to report full year results in line with market expectations.All of GEONG's products and services have shown good growth in the first half whilst third party revenue has declined slightly, it said in Monday's company statement.The group's order book was £13.8m at end of September 2009 compared to £9.6m for the comparable period in 2008.GEONG said its margins rose slightly in the first half however it expects margins to stabilise going forward. It added that it has a strong balance sheet with no debt.

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