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Strong Half Year Results for Belgravium Technologies Plc
03 September 2014
Belgravium Technologies plc
Interim Results for the Six Months ended 30 June 2014
The Board of Belgravium Technologies plc ((AIM:BVM) 'Belgravium' or 'the Group'), suppliers of mobile data computing solutions and managed services to a variety of industrial sectors, is pleased to announce Interim results for the six months ended 30 June 2014.
As in previous years, 2014 started quietly but a significant pick up in trading in the second quarter enabled the Belgravium Group to finish the half year with profits and earnings per share significantly better than the
first half of 2013.
Group sales increased to £4,568,000 compared to £4,082,000 in the first half of 2013. Operating profit was £215,000 compared to £38,000 in the prior year, which included £99,000 of exceptional costs, largely
associated with the acquisition of Feedback Data which was completed on 31 May 2013.
Finance costs were £1,000 and, after an income tax credit of £9,000, the Group produced basic earnings per ordinary share of 0.22 pence per share compared to 0.04 pence in the first half of 2013.
Commenting on the interim results, 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. As in previous years, trading for the year as a whole is expected to be second half weighted. 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.”
A full version of the Interim Results and further information on Belgravium Technologies plc can be seen at:
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