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10 Jan 2011 07:00
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microgen
www.microgen.com
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10 January 2011
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PRE-CLOSE TRADING UPDATE
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Microgen plc ('Microgen' or 'the Group') provides a pre-close trading update for the year ended 31 December 2010.
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The performance of the Group has continued to be strong and ahead of the Board's expectations. As a result, the Board now anticipate, subject to audit, to report revenue in excess of Β£33 million and operating profit before intangible amortisation and exceptional items in excess of Β£8 million. Growth in the revenue of the Microgen Aptitude Solutions Division in 2010 was in excess of 40%. The Group's gross cash balance at 31 December 2010 was Β£25.4 million and net funds of Β£23.5 million, after returning Β£6.2 million to shareholders via the tender offer which completed in September.
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The Board anticipate issuing the preliminary results in late February.
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Contacts
Martyn Ratcliffe, Chairman 01252-772300
David Sherriff, Chief Operating Officer
Philip Wood, Group Finance Director
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James Melville-Ross, Financial Dynamics 020-7831-3113
Haya Herbert-Burns, Financial Dynamics
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