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UK Small Caps

Tuesday June 23, 08:22 AM
Geong International profit jumps 48%

LONDON (ShareCast) - Content management software provider Geong International reported a 48% rise in full year pre-tax profit as revenue almost doubled.

The Chinese based group also said it is "well placed for significant growth in 2010."

"With
a strong order book, improved cash collection, and our core market of China continuing to outperform, we are confident of maintaining our momentum through 2010 and expect to record another year of solid growth."

For the year ended 31 March 2009 pre-tax profit rose to £1.7m from £1.1m while turnover increased to £14.7m from £7.6m.

Geong's order book stood at £10.6m at the year end.

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