NETD.L Regulatory News (NETD)

15 Jan 2010 07:00



NetDimensions (Holdings) Limited

("NetDimensions" or the "Company")

Pre-Close Trading Update

NetDimensions (AIM: NETD), a provider of performance, knowledge and learning management systems, provides a trading update following its financial year end on 31 December 2009 and ahead of entering its close period. 

In 2009 the Company continued to build its client base and anticipates the revenue growth for the year to result in both revenue and profit being ahead of market expectations, and has improved its cash generation.

NetDimensions has maintained a strong cash position without recourse to borrowings of any kind, with cash balances on 31 December 2009 of US$7.4m, or GBP4.6m. This compares with 30 June 2009 of US$6.8m and 31 December 2008 of US$5.3m. This equates to approximately 18.6p in cash per share (30 June 2009; 16.5p in cash per share: 31 December 2008; 14.7p in cash per share).

Jay Shaw, CEO, commented: "Although markets continue to be challenging, this represents a strong performance for 2009 made possible by the quality of our products and the hard work and dedication of our staff."

NetDimensions will announce full year results in April 2010.

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