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Brady lands four new contracts as cash balance rises

It has signed deals with a Chinese-owned company based in Singapore, a renewable energy company in Norway and two “significant” trading teams based in Switzerland.

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The firm supplies software used by commodity traders.

The technology firm Brady (LON:BRY) said trading was in line with updated City forecasts, while its cash position, at £6.5mln, was better than anticipated.

The supplier of software to the commodities, energy and recycling sectors, said it had landed four new contracts since its last progress report on December 17.

It has signed deals with a Chinese-owned company based in Singapore, a renewable energy company in Norway and two “significant” trading teams based in Switzerland. 

A round of cost cutting measures, announced when the company re-set market expectations, have been completed, Brady told investors.

The past month has seen an uptick in the company’s fortunes on the stock market with the stock up 17%.

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AIM:BRY
Market: AIM
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Brady confident about increasing market share – CEO

Gavin Lavelle, chief executive of Brady Plc (LON:BRY), tells Proactive that the trading software supplier has a number of contracts out in the market place. “You’ll expect to see deal announcements from us as we head to the half year.” The company is entering a historically busy second...

on 05/13/2016

2 min read