Vehicle tracking supplier Quartix has posted annual operating profits of more than £2 million for 2008 – and says profits will grow further this year.

Sales approached £5 million on a base of almost 2,000 UK customers – representing 20,000 installed vehicle tracking systems.

MD Andy Walters said: “Despite the fact 2008 was a tough year for parts of the industry, we won some major new contracts and achieved strong growth in our SME customer base.”