HAND-held terminal maker and software provider Belgravium Technologies bounced back with a strong second quarter performance after a quiet start to 2014.
The Bradford-based group said it saw a significant pick up in trading in the second quarter which enabled it to finish the half year with significantly higher profits and earnings than a year earlier.
Group sales increased to nearly £4.6 million compared to £4.08 million in the first half of 2013. Operating profit was £215,000 compared to £38,000, which included £99,000 of exceptional costs, largely associated with the acquisition of Feedback Data . Pre-tax profits jumped from £43,000 to £214,000 in the six months to June 30.
The group designs, installs and maintains software applications and systems for the airline, rail, retail and logistics industries.
John Kembery, executive chairman, said during the period Belgravium had rejected a takeover bid from telematics company, Trakm8 Holdings plc as it did not fully reflect the value of the business.
The Group had maintained product evolution and development as a key part of its strategy and current developments would allow all its software applications to run on multiple operating systems, including Android and Apple iOS, where previously the only choice was Windows.
He 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 re-shape 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."