Projects in store at stock check firm

DATA capture company Belgravium Technologies said it is busy with enquiries, but can't predict when these will turn into firm orders.
By The Newsroom
Published 27th May 2010, 13:43 BST
Updated 27th May 2010, 13:43 BST

Despite this, the Bradford-based company, which makes hand-held computers for companies to check on their stock, said it is in a strong position to improve profitability once confidence returns.

The group added that there are some substantial projects in the pipeline.

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Belgravium has been hit by major customers, including airlines, slashing spending.

Cost cuts and diversifying its customers helped pre-tax profits for 2009 grow two per cent to 405,000 on revenues of 8.2m.

Executive chairman John Kembery said: "We continue to make good progress with our strategic objectives and remain confident we are in a strong position to improve our profitability once financial confidence returns to our markets."

Belgravium said it was "particularly pleased" to maintain 2009 revenues and slightly increase annual profits.

"A sustained improvement in market conditions would quickly enable us to return to better profits," said Mr Kembery.

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