The Company is pleased to provide the following trading update on KSS Limited (‘KSS Fuels’), Eurovestech’s wholly-owned subsidiary.
KSS Fuels is the leading global provider of price management and optimisation solutions to the fuel retail and oil and gas wholesale industries.
In the year ended June 2010, KSS Fuels achieved unaudited revenues of more than £6.5 million and unaudited operating profits of £1.0 million. This compares with revenues of £5.1 million and operating profits of £40,000 for the year ended June 2009.
In March 2010, the Company reported a strong performance for KSS Fuels for the six months ended 31 December 2009 and a substantial order from The Pantry Inc., one of the largest independently operated convenience store chains in the United States. Since that time KSS has successfully secured a number of additional contracts, including expansion into Australasia.
KSS Fuels enters its current year with confidence and with a strong pipeline of software deals and consultancy services across the US, Europe, Latin America and Australasia. The directors of KSS Fuels are forecasting further increases in both revenues and operating profits for the year ending June 2011.
ENQUIRIES:
Eurovestech plc
Richard Bernstein Tel: 020 7491 0770
