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Trading statements

Sanne reports good growth

01 August 2017 07:14

SANNE said its core business lines saw good growth in the first half of the year driven by strong momentum from new business opportunities delivered in the latter part of 2016.

In the first six months of the year, the group continued this momentum, securing new business from both new and existing clients totaling approximately £10 million on a projected annualised fee basis.

Following the completion of the acquisition of IFS (Mauritius) at the start of the year, the business is integrating well into the Group and performing in line with expectations.

Likewise our US acquisition, completed in November 2016, continues to perform well, operating in a market with very favourable outsourcing and growth trends.

The pipeline of new business wins and performance of acquisitions gives the Board confidence that it will deliver results for the year in line with its expectations.

CEO Dean Godwin said: "We are pleased with the performance of the group in the first half and the continued new business wins gives us confidence in future growth."

Story provided by StockMarketWire.com

Related Company: SNN

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