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Supercart

  • BY: Andrew Hore |
  • POSTED: 05/10/2009 |

Supercart says that it will move into profit in the second half of 2009.

The plastic shopping trolley supplier lost £1.08m in the first half of 2009.

New contracts in the US won by the recently acquired Rehrig business are behind this improvement. Supercart has orders for nearly 43,000 trolleys in North America.

Shares in Supercart jumped 5.25p to 19.5p each on the news, which was mainly a reiteration of what was said in last week’s interim statement. The share price has nearly quadrupled over the past six months, which roughly coincides with the announcement of the acquisition of Rehrig. Supercart is valued at £12.4m.

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