UPDATE 1-Phoenix IT says trading for year in line

* Trading for year to end-March in line

* Net bank debt at period end was 72.4 million pounds

* Sees exceptional costs of about 8 million pounds

(Adds detail)

LONDON, April 7 (Reuters) - British IT company Phoenix IT Group (PHIT.L) said on Tuesday that trading, cash generation and non-recurring costs for the year to end-March 2009 had been in line with company expectations.

The group said net debt at the end of the period was 72.4 million pounds ($108 million), compared to bank facilities of 109.0 million pounds, and finance lease liabilities were about 16 million pounds.

Exceptional costs relating to job cuts and the disposal of ICM Business Solutions would be about 8 million pounds, it said.

Analysts expect the company to post pretax profit of 27.5 million pounds for the year to end-March, up 25 percent on the prior year, when it reports on June 1, according to Reuters data.

(Reporting by Paul Sandle) ($1=.6702 Pound)