Program will increase profits, says Belgravium

BELGRAVIUM Technologies, which was forced to issue a profits warning late last year, today said cost cutting measures would help it meet current market expectations.

The profits warning came after the Bradford-based mobile data specialist admitetd that orders forecast for its second half were unlikely to come through.

However, in a trading update this morning, Belgravium said it had introduced cost cutting measures that it said will increase profits.
 
As part of the program, Roddy McDougall has resigned as a non-executive director of the company with immediate effect.

Executive director Christopher Phillips will in turn become a non-executive director but will remain as company secretary.

“The board wishes to thank Mr McDougall for 14 years of outstanding service to the Belgravium Group and to Mr Phillips for accepting his new role,” Belgravium said in a statement.

The company will announce its annual results on March 6.