HANDHELD computer firm Belgravium Technologies reported a significant increase in sales and profits in the first half of 2014.
The Bradford-based company said it is encouraged by enquiries and believes they can be converted into orders in the second half.
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, Belgravium is making good progress in its strategic objective to reshape the business as a complete solution provider.
“As in previous years, trading for the year as a whole is expected to be second half weighted. We 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.”
The firm said that 2014 started quietly, but a significant pick-up in trading in the second quarter enabled it to finish the half year with profits and earnings per share significantly better than the first half of 2013.
Group sales increased to £4.6m compared with £4.1m in the first half of 2013.
Operating profit was £215,000 compared with £38,000 in the prior year, which included £99,000 of exceptional costs, largely associated with the acquisition of Feedback Data which was completed last year.
Analyst Eric Burns, at WH Ireland, said: “Good progress has been made in Belgravium’s strategic repositioning towards becoming a total solution provider and, given the usual second half weighting, these first half numbers are supportive of our full year forecasts.
“The shares remain cheap,” he added.
The group designs, installs and maintains software applications and solutions for the airline, rail, retail and logistics industries.