29th May 2014 08:26
LONDON (Alliance News) - Belgravium Technologies PLC said Thursday that its trading in the year to date was "significantly" ahead of the previous year, but still more slow than it had expected, in a statement ahead of its annual general meeting.
The mobile devices and software company said that its results will be heavily weighted towards its second half, as it is confident it can convert a good proportion of order enquiries to sales during the latter half of the year.
The company won a contract with train operator First Great Western, which is owned by FTSE 250 listed FirstGroup PLC, in April worth GBP1.1 million.
Also on Thursday, Belgravium announced that it had won a contract worth around GBP420,000 with a unnamed European airline operator for its on-board point of sales software.
Belgravium said it has seen a significant cash inflow into its balance sheet in the year to date, reversing its lower-than-usual year-end position for 2013, and returning it to similar levels as it had before it acquired Feedback Data PLC, a subsidiary of Feedback PLC, in May 2013.
As at the end of April, Belgravium had cash of GBP1.9 million.
Shares in Belgravium were trading up 15% at 4.87 pence Thursday morning.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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