![](/cdn/assets/images/search/clock.png)
We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Belgravium Tech | LSE:BVM | London | Ordinary Share | GB0002961224 | ORD 5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 3.875 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:7991Q Belgravium Technologies PLC 05 September 2005 Immediate Release 05 September 2005 BELGRAVIUM TECHNOLOGIES PLC (BVM:AIM) INTERIM RESULTS FOR THE 6 MONTH PERIOD ENDED 30 JUNE 2005 The Board of Belgravium Technologies plc ("Belgravium" or "the Company"), designers and manufacturers of real-time data capture systems, are pleased to a nnounce the Interim Results for the six month period ended 30 June 2005. HIGHLIGHTS Profit on ordinary activity before tax UP 23% #484,000 (#393,000 30 June 2004) Sales UP 22% #2,359,000 (#1,935,000 30 June 2004) Cash in bank UP 25% #2,484,000 (#1,987,000 30 June 2004) Earnings per Share UP 24% 0.51p (0.41p 30 June 2004) Interim Dividend Maintained 0.13p (0.13p 30 June 2004) Commenting today, Chief Executive John Kembery said: "The first half of 2005 has been very positive. Belgravium started the year having received the largest order in its history, a #750,000 contract to supply a proof of delivery 'POD' system for Grattan. We are now beginning to see many more POD systems being specified and this is an area for which the Belgravium Atlanta product was specifically developed. Prospects, both at home and abroad, look very encouraging and in the longer term there is a great deal of interest in Radio Frequency Identification 'RFID', which offers a large potential market. We still believe that an acquisition demonstrating real synergy with Belgravium would be highly desirable. The search continues and we are confident that we will succeed. As we start the second half there is greater visibility of forward orders than in previous years and greater confidence that our products are right for market developments." For further information please contact: Buchanan Communications ltd Kelly-Ann French Mob: 07958 972164 Alastair Watson Tel: 0207 466 5000 Belgravium Technologies plc John Kembery Mob: 07770 731021 www.belgraviuminvestorrelations.com Chairman's Statement Sales in the six months to the end of June 2005 were #2,359,000, 22% higher than in the same period in 2004. Profit on ordinary activities before tax also increased to #484,000, 23% up on the first half of 2004. It is expected that the tax charge will be maintained at 30%, so that undiluted earnings per share show a healthy increase to 0.51p per share, 24% higher than earnings per share in the first half of 2004 (0.41p per share). In what is still a competitive market this was a positive result and in line with market expectations. We have maintained an interim dividend at 0.13p per ordinary share, the level to which it was increased last year. Balance Sheet As with the first half of 2004, the most noteworthy element in the balance sheet was a steady increase in cash. At the end of June 2005, Belgravium had cash totalling #2,484,000, compared to #1,987,000 at the end of June 2004. Whilst this provided a useful interest payment (#54,000), its real benefit is as a reserve for future activities. The Market Belgravium started 2005 having received the largest order in its history, a #750,000 contract to supply a proof of delivery 'POD' system for Grattan. As in previous years and in line with the seasonal trend, the first quarter was light on sales. However, the second quarter was much better and whilst we are aware of few prospective orders of the Grattan size, we are now beginning to see many more POD systems being specified. This is an area for which the Belgravium Atlanta product was specifically developed. Prospects, both at home and abroad, look very encouraging and in the longer term there is a great deal of interest in Radio Frequency Identification 'RFID', currently only applied in Belgravium's test projects but which offers a large potential market. As we reported a year ago, the market continues to seek more refined systems and we are continually upgrading and improving the functions of Belgravium's product suite. We have continued to invest in our technical and sales teams and whilst this has added somewhat to costs, we believe the investment to be justified for future growth. Acquisitions We still believe that an acquisition demonstrating real synergy with Belgravium would be highly desirable. It is, of course, vital that we find the right opportunity at the right price. The search continues and we are confident that we will succeed. Employees The first half of 2005 has provided the usual challenges associated with seasonal trends. Belgravium's reputation for quality and service can only grow when it matches these variations with good service. That this has happened is a real tribute to the commitment of its staff who have, as always, responded brilliantly. Dividend Last year we increased the interim dividend and, whilst there is sufficient cash to do so again, the Directors feel that maintaining the dividend at 0.13p per share will conserve cash for future activities. The record date is 4 November 2005 and the interim dividend will be payable on 3 December 2005. Outlook The first half of 2005 has been very positive. As we start the second half there is greater visibility of forward orders than in previous years and greater confidence that our products are right for market developments. We would therefore expect the second half of 2005 to be equally as strong as the first. FULL RESULTS BELOW Unaudited Profit and Loss Account for 6 months to 30 June 2005 Total Total 6 months to 6 months to 30 June 2005 30 June 2004 (Unaudited) (Unaudited) #'000 #'000 Turnover 2,359 1,935 Operating profit 430 350 ---------- ------------ Profit before interest and taxation 430 350 ---------- ------------ Interest receivable 54 43 ---------- ------------ Profit on ordinary activities before taxation 484 393 Tax charge on ordinary activities (145) (118) ---------- ------------ Profit on ordinary activities after taxation 339 275 Ordinary dividend (87) (87) ---------- ------------ Retained profit for period 252 188 ---------- ------------ Basic earnings per ordinary share (pence) 0.51 0.41 ---------- ------------ Diluted earnings per ordinary share (pence) 0.50 0.40 ---------- ------------ Group Balance Sheet at 30 June 2005 As at As at As at 30 June 2005 30 June 2004 31 December 2004 (Unaudited) (Unaudited) (Audited) #'000 #'000 #'000 Fixed assets Tangible assets 213 250 237 ---------- ---------- ------------ 213 250 237 ---------- ---------- ------------ Current assets Stocks 548 452 443 Debtors 1,426 1,408 1,458 Cash at bank and in hand 2,484 1,987 2,219 ---------- ---------- ------------ 4,458 3,847 4,120 ---------- ---------- ------------ Creditors: Amounts falling due within one year (1,939) (1,713) (1,871) ---------- ---------- ------------ Net current assets 2,519 2,134 2,249 ---------- ---------- ------------ Total assets less current liabilities 2,732 2,384 2,486 Provision for liabilities and charges (48) (66) (54) ---------- ---------- ------------ 2,684 2,318 2,432 ---------- ---------- ------------ Capital and reserves Called up share capital 3,341 3,341 3,341 Share premium 120 120 120 Capital redemption reserve 2,100 2,100 2,100 Profit and loss account (2,877) (3,243) (3,129) ---------- ---------- ------------ 2,684 2,318 2,432 ---------- ---------- ------------ Group cash flow statement for 6 months to 30 June 2005 2005 2004 (Unaudited) (Unaudited) #'000 #'000 Net cash inflow from operating activities 511 272 ---------- ------------ Returns on investments and servicing of finances Interest received 54 43 ---------- ------------ Taxation Corporation tax paid (55) (62) Corporation tax received - 26 ---------- ------------ Net corporation tax paid (55) (36) ---------- ------------ Capital expenditure and financial investment Purchase of tangible assets (31) (10) ---------- ------------ (31) (10) ---------- ------------ Equity dividends paid to shareholders (214) (204) ---------- ------------ Net cash inflow before financing 265 65 ---------- ------------ Financing Purchase of own ordinary share capital - (121) ---------- ------------ - (121) ---------- ------------ Increase/(decrease) in cash 265 (56) ---------- ------------ Reconciliation of net cash flow to movement in net debt for 6 months to 30 June 2005 2005 2004 (Unaudited) (Unaudited) #'000 #'000 Increase/(decrease) in cash 265 (56) ---------- ------------ Movement in net funds during year 265 (56) Net funds at 1 January 2,219 2,043 ---------- ------------ Net funds at 30 June 2,484 1,987 ---------- ------------ Group cash flow statement (a) Reconciliation of operating profit to net cash inflow from operating activities 2005 2004 (Unaudited) (Unaudited) #'000 #'000 Operating profit 430 350 Depreciation 55 54 Movement in provisions (6) (4) ---------- ------------ Funds generated by operations 479 400 ---------- ------------ Increase in stocks (105) (9) Decrease/(increase) in debtors 32 (176) Increase in creditors 105 57 ---------- ------------ (Increase)/decrease in working capital 32 (128) ---------- ------------ Net cash inflow from operating activities 511 272 ---------- ------------ (b) Analysis of net funds At 1 January At 30 June 2005 Cash flow 2005 (Audited) (Unaudited) (Unaudited) #'000 #'000 #'000 Cash at bank and in hand 2,219 265 2,484 ---------- ---------- ------------ 2,219 265 2,484 ---------- ---------- ------------ Notes to the Interim report for 6 months to 30 June 2005 The interim report has not been audited and the information contained in this interim statement does not constitute statutory accounts as defined in section 240 of the Companies Act 1985. The audited accounts for the year ended 31 December 2004, upon which the auditors issued an unqualified opinion, have been delivered to the Registrar of Companies. (a) Earnings per share has been calculated on the average number of ordinary shares in issue of 66,825,759 (30 June 2004 : 67,600,484). (b) Fully diluted earnings per share has been calculated on the average number of ordinary shares, assuming conversion of all dilutive potential ordinary shares of 67,274,654 (30 June 2004 : 68,015,637). (c) The record date for the proposed dividend for Belgravium Technologies plc is 4 November 2005 (Ex-Dividend Date 2 November 2005). (d) Copies of this statement will be posted to shareholders and further copies will be made available to the public at the company's office: Campus Road, Listerhills Science Park, Bradford, West Yorkshire, BD7 1HR. -ENDS- This information is provided by RNS The company news service from the London Stock Exchange END IR LTMRTMMMMBPA
1 Year Belgravium Chart |
1 Month Belgravium Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions