Brulines says glass is half full, despite tough times
Stockton data monitoring company Brulines this morning said its profits for the year ending 31 March would be lower than anticipated at £4m as the challenging trading conditions continue.
However the firm, which makes equipment that monitors the quality of beer at the pumps as well as fuel-related technology, said its future growth prospects were encouraging and views the medium term future with considerable confidence.
The group said it has experienced a continuation of the well-documented economic conditions and commercial pressures affecting some core leisure customers, resulting in pub sell-offs and delayed commitment to new activity.
Customers have delayed committing to projects for a number of reasons, including waiting for clarity on ongoing governmental enquiries into the future of the pub trade.
The company’s recent acquisitions in the forecourt services market have been successfully integrated, the firm said, and the response from supermarkets and independent forecourt operators has been “very encouraging”.
“The board fully expects the difficult economic environment and current challenging trading conditions to continue for some time yet. However, the future growth prospects across both the Group’s divisions are encouraging and the board continues to view the medium term future with considerable confidence,” the company told the market this morning.
This was posted in Bdaily's Members' News section by Ruth Mitchell .
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