Financial Times FT.com

Sage’s debt rises on sterling weakness

By Lucy Killgren

Published: February 4 2009 20:04 | Last updated: February 4 2009 20:04

Debt levels at Sage rose in the final three months of last year, the software group said, because of the pound’s weakness.

Net debt, a substantial proportion of which is denominated in dollars and euros, rose from £541m in September to £649m by December 31, as a result of currency translation.

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