Move into China

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The Independent Online
ROXSPUR, the maker of control and measurement systems for pipe networks, is looking for opportunities in China where cities are looking to upgrade 1950s infrastructure.

The group, which reported pre-exceptional operating profit of pounds 3.10m (pounds 2.91m) in its year to 30 June, is setting up an office in China. Last month it won a pounds 5m contract to monitor Shanghai's water system. An exceptional charge of pounds 2.42m, relating to the pounds 30.9m acquisition of Clayhithe earlier this year, resulted in pre-tax profit falling to pounds 57,000 from pounds 2.24m.