Sabien Technology ( (GB:SNT) ) has issued an announcement.
Sabien Technology Group announced its unaudited interim results for the six months ending December 2024, revealing a strategic shift towards channel-oriented sales and subscription models. Despite a slight decrease in sales revenue compared to the previous year, the company reported a strengthened sales pipeline and increased order receipts, indicating positive future prospects. The company has secured a strategic investor for its City Oil Field/b.grn project, which aims to produce sustainable fuel oil from waste plastics, with a $10 million commitment subject to further funding. Additionally, Sabien has implemented cost-cutting measures, reducing operating costs by 18%, and has received financial support from its Executive Chairman’s family office to support product development and operations.
More about Sabien Technology
Sabien Technology Group PLC operates in the green technology sector, focusing on a green aggregation strategy. The company is known for its M2G energy-saving products and is actively involved in projects related to sustainable fuel oil production, particularly through its partnerships with City Oil Field and b.grn.
YTD Price Performance: -32.69%
Average Trading Volume: 67,038
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: £2.19M
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