High tide at Crimson

New deal helps technology company push into Europe

Mobile technology firm Crimson Tide doubled its pre-tax profits to £122,000 in the first half of the year.

The Tunbridge Wells-based firm behind the logistics software mpro5, recorded a 25 per cent increase in like-for-like sales to £845,000 as it announced it had gained a record 15,000 subscribers to its platform.

The AIM-listed company, which helps staff capture data in the field, increased earnings before interest, taxes and other charges to £281,000 in the first six months of the year, up 41 per cent.

The good news follows a doubling of the firm’s full-year profits in April on the back of contracts with Metro, to distribute its newspapers, and Brennans Bread, to deliver its products across Ireland.

Share this article

Recommended articles


Please enter a search term below.

Subscribe To Our Newsletter