microgen
www.microgen.com
10 January 2011
PRE-CLOSE TRADING UPDATE
Microgen plc ('Microgen' or 'the Group') provides a pre-close trading update for the year ended 31 December 2010.
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 £33 million and operating profit before intangible amortisation and exceptional items in excess of £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 £25.4 million and net funds of £23.5 million, after returning £6.2 million to shareholders via the tender offer which completed in September.
The Board anticipate issuing the preliminary results in late February.
Contacts
Martyn Ratcliffe, Chairman 01252-772300
David Sherriff, Chief Operating Officer
Philip Wood, Group Finance Director
James Melville-Ross, Financial Dynamics 020-7831-3113
Haya Herbert-Burns, Financial Dynamics
This information is provided by RNS