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Sopheon swings to FY pretax profit

By BFN News | 07:46 AM | Thursday 17 March, 2016


Sopheon has swings to a FY pretax profit of USD1.2m, from a year-ago loss of USD1.5m. Revenue was USD20.9m, from USD18.3m. FY revenue visibility at the start of 2016 is more than USD12m, versus USD10.2m at the same time last year. Chairman Barry Mence commented: "The board remains confident that Sopheon is on the right path, with strong momentum and pipeline for further advancement in 2016. We continue to expand resources in line with the growth areas of the business to support this strong momentum, and maintain our leading market position. "Our success is in no small part due to the commitment and diligence of our people, and I take this opportunity to thank all in Sopheon who made it possible." Story provided by StockMarketWire.com

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