Tracsis plc, a leading provider of software and technology led products and services for the transportation industry, is pleased to provide the following trading update for the year ended 31 July 2015 ahead of the full year results being published.
Due to strong trading across the Group full year results are now expected to be ahead of the previous year and market forecasts. The Board anticipates that Group revenue will be circa £25m (2014: £22.4m) with Adjusted Pre-tax Profit expected to be comfortably ahead of market expectations of £5.5m and also ahead of the previous year (2014: £5.0m). Year-end cash balances were in excess of £12m (2014: £8.9m), and the business remains debt free.
In line with the Group’s stated strategy, Management continues to pursue a number of investment opportunities and looks forward to updating the market in due course.
Full Year results will be announced in late October or early November and a date will be communicated to the market in due course.
Related regulatory news article: Trading Update