Bradford's Belgravium reports positive outlook after profitable start to the year
Bradford-based Belgravium Technologies, the provider of mobile on-board retail solutions, has reported pretax profits of £214k in the last six months, up from just £43k at this point last year.
At the end of June 2013, the firm’s cash and equivalents were at £239k. At the same point in 2014, the firm has reported cash and equivalents at £1.4 million.
Belgravium has reported an increase in revenue of £500k, reaching £4.5 million for the first six months of this year.
During this period, the company has secured two major contracts with the rail industry, one with First Great Western in the UK and the other with Leo Express in the Czech Republic.
The firm is working on developing its software applications to run on multiple operating systems including Android and Apple iOS.
The company expects the trading for the year to be second half weighted, as in previous years.
John Kembery, chairman of Belgravium, said: “The results for the first half of 2014 have shown a significant increase in sales and profits compared to the equivalent period last year. In addition the Belgravium Group is making good progress in its strategic objective to reshape the business as a complete solution provider.
“The Directors are encouraged by the level of activity and enquiries and are confident that a good proportion can be converted to sales in the second half.”
This was posted in Bdaily's Members' News section by Ellen Forster .