Maiden profit for Bglobal

SMART metering specialist Bglobal has announced its maiden profit and a surge in revenues.

The AIM-listed Lancashire company said it has passed several milestones, including buying near neighbour Utilisoft for £12.8m in May.

In the six months to September 30 group revenues rocketed 114% from £5.82m in the first half of 2009 to £12.46m.

A profit of £770,000 was declared, compared with a loss last year of £670,000.

Chief executive Tim Jackson-Smith, said: “The group has passed a... For the full story register now for free or login below...