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Atlantic Global

Companies: ATL   
10/09/2001

The time management software developer continues to expand its impressive client list, with HSBC, Colt Telecom and Belgium-based UCB Chemicals among the latest to sign up. This steady stream of business resulted in a 28% increase in interim turnover to £515,000, though profits before tax slipped to £103,000 (£173,000), on account of £101,000 of exceptional costs incurred against pension scheme contributions and upper management recruitment. Among Atlantic's plans for the coming months are to hire a new sales team - to date managing director Eugene Blaine has been solely responsible for drumming up new business - and to launch several new and re-branded products. House broker Seymour Pierce expects the steady progress to continue, forecasting profits of more than £400,000 and sales of £1.2m for the full year.

Market cap: £3.7m
PE Forecast: 13.0
Share price: 18.5p

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