KBC Advanced Technologies (AIM:KBC) – a great little business
Today’s trading update from consultancy and software provider to the oil and gas sector failed to impress the market but this is a great little business that has a lot to offer in 2012
The trading statement confirmed that the forecast for the year ending 31st December 2011 is “broadly in line” with expectations, delivering over 20% profits growth in the period – pre-tax profit for 2010 was £3.65m . The largest single item contributing to the increase in consulting activity is the US$42m Profit Improvement Program with Pemex Refinación. They now expect a healthy level of software sales in the first half of 2012 and with previous legal challenge consigned to history the Group will now be able to fully realise the potential of its own software products and services across all of…