Bradford firm`s profits jump 94%

03/09/2009

A 94% jump to £140,000 in first-half profits on sales of £4.3 million has been announced by Bradford-based mobile-computing company Belgravium Technologies.
Says chairman John Kembery: "Whilst the timing of a sustained recovery in our end markets remains difficult to predict, I am encouraged by the interest shown in our products and remain confident that Belgravium is well positioned as and when the wider economic picture improves."
Success with its Boston hand-held terminal for location and tracking of palletised goods has followed positive signs of improvement in the mobile retailing sector, he says.
The principle customer base is airlines, many of whom are undergoing drastic economies in the face of a downturn in air travel.
Meanwhile, the company has signed a deal with SHV Group to supply systems for controlling and delivering liquefied petroleum gas, and is exploring "promising opportunities" with other European petrochemical companies.
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