Last checked at 
LONDON (Alliance News) - Tracsis PLC Wednesday said it expects full-year trading to be in line with expectations after reporting a first-half pretax profit increase supported by revenue growth in software licences, data capture and passenger counting.
In a statement, Tracsis said it made a GBP2.5 million pretax profit in the six months ended January 31, compared with GBP2.3 million in the corresponding period the prior year.
Revenue increased to GBP12.0 million from GBP9.8 million, while administrative costs were up to GBP5.2 million from GBP3.7 million. Growth in revenue from software licences and post contract customer support, as well as in data capture and passenger counting, more than offset decreases in remote condition monitoring technology and rail consultancy and professional services.
"Following a period of record growth in 2014, Tracsis has built upon this position with notable wins in overseas markets whilst achieving further growth in our domestic market," John McArthur, chief executive, said in a statement.
"We remain focused on driving organic growth and continue to appraise acquisition opportunities from a strong pipeline of qualified targets. The board expects full year trading to be in line with expectations and remains confident about our forward growth prospects," McArthurt said.
Tracsis increased its interim dividend to 0.40 pence per share from 0.35p per share.
Tracsis shares were down 4.5% at 390.75p on Wednesday morning.
By Samuel Agini; samagini@alliancenews.com; @samuelagini
Copyright 2015 Alliance News Limited. All Rights Reserved.
