Brulines, the provider of operational monitoring systems and data management services for the leisure sector and fuel forecourts, announced that the group's underlying trade was marginally below management expectations for the six months to October 2010. Although trading levels were lower than expected, they were in line with the same period last year. The company's broker forecast an EPS of 12.0p in its note dated 26th October 2010.
Brulines' core beer monitoring business remains challenging as pub groups struggle with the economic climate, but the company reported good customer take up of its new i-Draught dispensing monitoring product. The company's recent acquisitions in the fuel forecourt market (Energy Level Systems Ltd, Retail & Forecourt Solutions Ltd, and LBI installations Ltd) have been earnings enhancing.
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