Companies: BVM   

Data capture specialist Belgravium Technologies is eyeing new acquisitions after raising interim pre-tax profits 41 per cent to £1.1 million.

AIM-quoted Belgravium, which has carved out a role in supplying and maintaining efficiency-enhancing and cost-saving data capture systems for warehousing, distribution and petrochemical delivery, increased turnover five per cent to £5.2 million in the first half of the year. The company, which is working to increase the more profitable software licensing part of its business, has been integrating major recent acquisitions and evaluating new areas of expansion, such as community transport and defence.

According to chairman John Kembery, Belgravium, which increased pre-tax profits 88 per cent to £1.8 million last year, expects to enjoy ‘a very profitable second half-year’. However, he warns that current uncertainty in financial markets might delay some impending contract awards.

Any new bids would be for cash, he stresses. At 13.75p, down 23p today, Belgravium shares have interesting medium- to long-term potential.

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