28th Apr 2014 11:53
LONDON (Alliance News) - Trading and risk management software provider Brady PLC's Chairman Paul Fullagar Monday said the company has continued to make progress in the year-to-date, with first-quarter revenue and profitability in line with expectations.
Speaking at the company's annual general meeting, Fullagar said he is looking forward to reporting further deal flow and business progress as Brady enters the traditionally busy second-quarter.
In particular, the group is happy to report that the Brady Energy business unit has made significant progress signing deals in the Netherlands and Ireland for its Power Scheduling and Nomination solution, facilitating cross-border trading activities, as well as the first cloud delivery of the new Energy Trading and Risk Management Solution," Fullagar said.
"Recycling signed a substantial deal at the beginning of the year with a Canadian metals recycler, which is already in production at the first sites. This was closely followed by a further contract signed with a start-up recycling company based in Puerto Rico," he added.
"The Commodities unit is pleased to report a global trading company that signed a significant contract at the end of 2013 has successfully gone into production," said Fullagar.
Brady shares were Monday quoted at 79.40 pence, up 1.8%.
By Samuel Agini; [email protected]; @samuelagini
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