Kalibrate to further invest in emerging markets
Kalibrate Technologies plans to increase capital allocation in Asia and Africa in 2017 to take advantage of the growth potential of these emerging markets, reports Proactive Investor UK.
Currently, the retail fuel technology solutions specialist has investments in India, South East Asia, Mexico, and China, and has entered into an agreement with a South American fuel retailer in Chile, according a Manchester Evening News report.
It has also entered new markets in Europe namely the Netherlands and Belgium.
Along with its expansion plans, the company disclosed its latest financial results—revenues were up 7% to US$34.9 million and total profits were up to US$2.04 million.
