Supercart reported lower revenues in the first half of 2009 because of weaker South African sales.
The plastic shopping trolley supplier could not repeat the bumper sales of the first half of 2008. Revenues fell from £1.03m to £947,000 in the six months to June 2009 and would have fallen further if Supercart had not achieved a higher average unit price per trolley. The loss increased from £724,000 to £1.08m.
Production of the trolley designs bought from Rehrig commenced in May 2009. Supercart has already secured US orders for 43,000 trolleys from customers including Toys R Us and Pep Boys Stores. These will help Supercart have a much better second half.
At 14.25p a share, Supercart is valued at £9.05m.
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