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Belgravium Technologies
- BY: Andrew Hore |
- POSTED: 11/01/2012 |
- COMMENTS: Add yours
Belgravium Technologies says that trading was stronger second half than in the first half.
The mobile data capture systems supplier has benefited from a strong on-board retail sector and a contract win with a major airline in recent months. Belgravium has supplied more than 600 Atlanta 5000 hand held devices to home delivery courier Hermes. The additional contracts are helping to boost recurring revenues.
Profit will be in line with expectations. House broker WH Ireland forecasts 2011 pre-tax profit of £1m, more than double the £430,000 profit in 2010. Belgravium is expected to pay a dividend of 0.1p a share. Belgravium last paid a dividend in early 2008. That was the 0.38p a share final dividend for the 2007 financial year.
At 6.5p a share, up 0.38p, Belgravium is valued at £6.56m. The shares are trading on nine times estimated 2011 earnings.
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