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Belgravium Technologies

  • BY: Andrew Hore |
  • POSTED: 02/09/2009 |

Belgravium Technologies is showing signs of recovery in the first half of 2009.

The real-time data capture systems supplier reported a jump in profit from 72,000 to 140,000 on a 9% increase in revenues to 4.29m. However, Belgravium made a profit of 1.02m on revenues of 5.22m in the first half of 2007.

Management says that Belgravium is maintaining its market share in its main sectors. There are potential orders out there but their timing is uncertain.

In the petrochemical market, Belgravium has won business from SHV Group. It is supplying systems for control and delivery of bottled and bulk LPG. A pay per transaction model has been successful in increasing interest from airlines in hand-held sales systems.

The first sales of the new Boston hand-held terminal happened in the first half. The Boston has a wider range of functions and helped win a contract for the location and tracking of palletised goods.

Net debt was 1.68m at the end of June 2009, which is similar to the end of 2008. 

Shares in Belgravium rose 0.25p to 3.5p each, which values the company at 3.53m.

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