News blog

Belgravium Technologies

  • BY: Andrew Hore |
  • POSTED: 02/03/2011 |

Belgravium Technologies edged up its profit in 2010 and it has its best order book for three years.

The mobile data capture systems supplier generated flat revenues of 8.2m and profit improved from 405,000 to 432,000 as admin expenses fell. The tax charge was just over 11%, compared to a credit in 2009. A large increase in creditors helped Belgravium reduce its net debt from 1.42m to 264,000. However, working capital requirements will increase as business recovers.

It appears that customers are regaining enough confidence to consider going ahead with the spending they have been putting off for three years or more. A new contract with a French customer, which should be worth 4m, will be completed in 2012.

At 5.25p a share, Belgravium Technologies is valued at 5.3m.

© 2022 Aim Micro. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Browse by issue
All issues
Popular tags
All tags

betbrokers, financial, gold, health, leisure, media, mobile, resources, services, technology

AIM Micro feeds

Keep up to date with articles published at AIMMicro.com. Subscribe to AIM Micro RSS Feeds