Solid H1 Trading - Further Progress Expected in H2
20 Julho 2009 - 3:00AM
UK Regulatory
TIDMIEN
RNS Number : 9069V
Intelligent Environments Group PLC
20 July 2009
IEN.L
Intelligent Environments Group plc
('iE' or 'the Company')
Solid Trading in H1; continued progress expected in H2
Trading update for the six months ended 30 June 2009
Intelligent Environments Group plc (AIM: IEN), the online software provider for
financial services, is pleased to announce that it continues to make good
progress both in terms of growing its long term recurring revenue base and
enhancing the value of its intellectual property assets.
Total revenues are expected to grow 8% to GBP3.2 million in the half year, with
recurring revenues forecast to be 27% higher at GBP1.0 million. This represents
approximately 30% of total revenues up from 25% at the same time last year.
Our strategy of increased investment in NetFinance V4 has accelerated with
expenditure more than doubling to GBP0.5 million. This has allowed us to
significantly increase the product functionality particularly around
e-statements and e-marketing, both of which are seeing strong market demand.
This investment has not only resulted in 3 new customers in the first half of
the year but has also secured a series of new partnerships with global software
businesses, which will spearhead our strategy to develop our international sales
capabilities. Cash balances as at 30th June improved by GBP0.1m to GBP1.1
million providing the Group with a strong platform for continued progress in the
second half.
For further information:
+-----------------------------------------------+------------------------------+
| Intelligent Environments Group plc | Tel: 020 8614 9800 |
| Phillip Blundell, Chief Executive | |
| www.ie.com | |
+-----------------------------------------------+------------------------------+
| | Tel: 020 7600 1658 |
| FinnCap | |
| Charles Cunningham, NOMAD and Broker | |
+-----------------------------------------------+------------------------------+
| Biddicks | Tel: 020 7448 1000 |
| Shane Dolan | |
+-----------------------------------------------+------------------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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