Tracsis plc - Interim results for the six months ended 31 January 2015
Tracsis plc (AIM: TRCS) has announced its interim results for the six months ended 31 January 2015 and are on track to deliver full year earnings in line with expectations.
Revenue increased 22% to £12.0m (2014: £9.8m) slightly ahead of February’s trading update when they indicated in excess of” £11m. Profit before tax increased 13% to £2.5m vs £2.3m (2014). Basic Earnings per share increased 19% to 8.00p (2014: 6.72p) Strong organic growth from the Group’s Data Capture & Analytics offering and a good maiden performance from Datasys (acquired May 2014) which is trading above expectation underpinned by high levels of recurring software revenue. These areas have more than compensated for an expected reduction in UK rail condition monitoring and a quieter half for UK rail franchising. An Interim…