15 May 2012
The software and IT services group Sanderson has announced its interim results to 31 March revealing higher profits than the comparable period in the previous year. Following the sale of Sanderson RBS, the group is now focused on higher margin activities, whilst the disposal also means that debt has been eliminated with net cash of £3.56m at the end of the period. The second half has started well and we have set a share price target of 49p.