Tracsis (AIM:TRCS) – results ahead…again
The leading provider of software and technology led products and services for the transportation industry, who has issued a raft of positive news over the past few years, continues to impress with its latest trading update for the year ending 31st July 2015.
Due to strong trading across the Group full year results are now expected to be ahead of the previous year and market forecasts – forecasts for 2015 were previously for pre-tax profit of £5.5m and eps of 16.78p. Group revenue is now estimated to be approx. £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. There was also a hint of acquisitions to come! The shares have…