UK's Minorplanet Q1 sales fall, sees better 2004

Newswire

LONDON, Feb 27 (Reuters) - Britain's Minorplanet Systems Plc , which designs systems to track a vehicle's position, route and distance travelled, reported weak first-quarter sales on Friday, but said a reorganisation would improve performance later in the year. "There is still much to achieve but I am confident that we will make significant progress in 2004," Chief Executive Rob Kelly said in a statement. Minorplanet reported a 29 percent reduction in its loss before tax, goodwill, ...

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