RCG Holdings Records Profit Growth
The company offers biometrics and RFID products.
RCG Holdings, which offers biometrics and RFID products, is confident of maintaining growth after reporting a pre-tax profit of £ 20.9 m on sales of £ 63.9 m in the six months to 30 June.
The Alternative Investment Market-listed firm is primarily focused on the Asia Pacific markets and during the first half has won new contracts and launched new products. This organic growth has been further increased with the acquisition of a 40 percent interest in Vast Base Technology, a Singapore provider of RFID technologies, for £ 27 m in May.
The acquisition has taken RCG into the event ticketing and healthcare sectors and has enabled it to develop a variety of healthcare solutions including hospital patient tracking systems.
RCG has also launched an RFID solution to track and manage containers for Johor Port, a Malaysian sea port.
RCG chairman and chief executive Dr Raymond Chu said, `I am confident that the second half of 2008 will be another exciting and productive period.`
