Trading Update (7206V)
18 Enero 2012 - 1:00AM
UK Regulatory
TIDMSNS
RNS Number : 7206V
Silanis International Limited
18 January 2012
RNS Release 18 January 2012
Silanis International Limited (the "Company") and its sole
investment,
Silanis Technology Inc. ("Silanis")
Trading Update
The Company (AIM: SNS) is pleased to provide a trading update on
Silanis. The Company's sole investment is a 24.98% interest in the
outstanding shares of Silanis, from which the value of the Company
is derived. The Company expects to announce audited 2011 results
for both companies by the end of March 2012.
As previously reported in the H1 2011 results published 30
August 2011, Silanis saw the continuation of revenue growth and
profitability which began in H2 2010 as its core financial services
target market recovered from severe global recession.
This trend has continued for full year 2011 as demonstrated by
the contract wins announced to date. In particular, Silanis has
added three top-10 North American banks as enterprise licensees in
2011. As a result the turnover for Silanis in 2011 is expected to
be greater than twice that achieved in 2010 and Silanis also
expects to report a profit for the full year 2011.
For further details, please contact:
Silanis International Limited
Tommy Petrogiannis, C.E.O. Tel: +1 514 337
www.sil-intl.co.uk 5255
Canaccord Genuity Limited Tel: +44 (0) 20
Simon Bridges 7050 6500
This information is provided by RNS
The company news service from the London Stock Exchange
END
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