News blog
Supercart
- BY: Andrew Hore |
- POSTED: 28/07/2009 |
Supercart has won a new order in the US worth more than $1.85m.
The plastic shopping trolley supplier recently acquired the plastic/metal hybrid trolley business of Rehrig International. The order for plastic/metal hybrid trolleys is from a national retailer with more than 1,500 stores in more than 40 states.
The revenues will come through in 2009. They are likely to be equivalent to around £1.1m. Supercart generated revenues of £4.81m in 2009 so this contract will be a big help in moving the business towards profitability.
Shares in Supercart held steady at 17p each, which values the company at £10.8m. The share price is at a high for the past 12 months and is three times the level it was three months ago just after the Rehrig deal was announced.
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