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Annual Results

Sanne Group's FY pretax profit more than halved

21 March 2016 09:29

Sanne Group has more than halved its FY pretax profit to GBP2.4m, from GBP7.8m, despite revenue rising more than a quarter to GBP45.6m, from GBP35.6m.

CEO Dean Godwin said:

"A great deal has been achieved during 2015 which has seen Sanne achieve strong growth across its core business activities while successfully completing an initial public offering on the London Stock Exchange.

"Sanne's ongoing strategic focus is to continue building scale in established and emerging markets to be a leading provider of fund administration, corporate administration, fiduciary and reporting services.

"The Board sees continued opportunities for growth despite market uncertainty. A healthy level of new business wins in 2015 means there is a strong forward momentum, particularly within those business lines focused on the alternatives markets."

At 9:29am: (LON:SNN) Sanne Group Plc share price was -5p at 345p

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