27th Apr 2015 07:41
LONDON (Alliance News) - Brady PLC on Monday said it is trading in line with market expectations in 2015 so far, with good momentum in its energy business and with revenue generated from software sales in its recycling business.
Brady, which provides trading, risk management and settlement services to energy, commodities and recycling companies, said it has made progress in the year so far and is on track to meet market expectations for the year.
The energy division at the company has continued to make progress, it said, with two deals signed in its energy data management unit and the migration of a customer to its energy trading and risk management platform completed.
It recycling business has now installed software from a deal with a US recycling company signed at the end of 2014 and has recognised revenue from the deal. Its commodities business is also making progress in installing software purchased under deals signed in the past couple of years, it said.
"I look forward to reporting further deal flow and business progress as the group enters the traditionally busy second quarter. We will provide a further update at the interim results," said Brady Chairman Paul Fullagar.
Brady shares were down 1.5% to 100.00 pence on Monday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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