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CorporateBelgravium Technologies Preliminary 2006 Results16 April 2007
Belgravium Technologies Preliminary 2006 Results
Belgravium reports excellent 2006 results
Belgravium Technologies Plc
(BVM:AIM)
Preliminary Results for the
Year Ended 31 December 2006
The Board of Belgravium Technologies plc ('Belgravium' or 'the Group'),designers and manufacturers of real-time data capture systems, is pleased to announce the Preliminary Results for the year ended 31 December 2006.
FINANCIAL HIGHLIGHTS
* Turnover up 101% £10,922,000 (2005: £5,430,000)
* Pre tax profits* up 88% £1,844,000 (2005: £982,000)
* Increased final dividend 0.36p (2005: 0.32p)
* Earnings per Ordinary share* up 31% 1.27p (2005: 0.97p)
*(before amortisation of goodwill)
OPERATIONAL HIGHLIGHTS
* Appointment of Chris Phillips to the Group Board
* Successful integration of acquired businesses, Touchstar Ltd and Novo IVC Ltd
* Opportunities for cross-selling across the enlarged group exploited
* Sharing of technical expertise and resources across divisions
* Further blue-chip and international contracts
Commenting today, Executive Chairman John Kembery said:
'The Group completed 2006 with greatly improved results and has been strengthened in all operations. Acquisitions have widened the Group's offering and we now have the technical capability to design both hardware and software for many more uses than we had before.
The Group is now better prepared for the continual task of developing and improving products for changing market needs. We are confident that the progress made in 2006 will continue into 2007 and that the Group is in a strong position to seize opportunities for further growth.'
For further information please contact:
Buchanan Communications ltd Kelly-Ann Knight/Eric Burns
020 7466 5000
Belgravium Technologies plc John Kembery
Mob: 07770 731021
www.belgraviuminvestorrelations.com
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