gordon geko
- 25 Jul 2007 09:33
Intelligent Environments Group PLC
25 July 2007
25 July 2007
INTELLIGENT ENVIRONMENTS GROUP plc
('iE', 'the Group' or 'the Company'),
TRADING UPDATE FOR THE SIX MONTHS ENDED 30 JUNE 2007
Intelligent Environments Group plc (AIM: IEN), the online software provider for
the retail banking market, today announces that it expects its revenue to be
ahead of market expectations when it reports interim results at the end of
September.
Highlights
Revenues expected to increase by approximately 72% to 3.07 million for
the half year ended 30 June 2007 (Compared to H1 06)
Operating profit for the period remains in line with management
expectations
Cash inflow of 308k will result in a cash balance of 1.174 million at
30 June 2007
Commenting on the forecasted performance of the Group, Phillip Blundell, CEO of
iE said,
'We are confident that profit momentum will continue as the Group expands into
new markets and geographies, in-line with our strategic focus to secure
long-term partnerships.
Partnerships with Barclaycard and Creation Financial Services have now entered
production as has our first building society customer, The Principality Building
Society. During the first half of the year we announced a partnership agreement
with Unisys, that has already resulted in a significant contract win with The
West Bromwich Building Society. Additionally, we have secured a European partner
for credit card services as well as a Middle Eastern partner for insurance
solutions. These new partnerships along with our new transactional revenue model
will help maintain the future growth of the Company.'
The Company will announce its interim results for the six months to 30 June
2007, in late September.
-ends-
For further information, please contact:
iE: Phillip Blundell, Chief Executive 020 8614 9800
Dawnay Day: Alex Stanbury 020 7509 4570
Conduit PR: Charlie Geller or Anouska Widdess 0207 429 6666
This information is provided by RNS
The company news service from the London Stock Exchange
gordon geko
- 07 Jan 2008 11:23
- 22 of 23
seems to be on the move north ...
chessplayer
- 24 Dec 2008 08:40
- 23 of 23
One of SHARES picks for 2009.
Any views on this baby?