Torotrak PLC Share News (TRK)

Hull-based telecoms services provider KCOM is bucking the trend in the market today. The share price rise comes after a sharp fall earlier this month.Figures for the year to March 2010 were broadly in line with expectations but the net debt figure was better than expected. Underlying pre-tax profit improved from £17.9m to £29.4m, while revenues fell 12% to £412.8m. A full year dividend of 1.75p has been recommended, up from 1.5p the year earlier. Net debt fell from £157.9m to £116.8m over the year to March 2010. Tight financial controls have enabled this improvement. A pension top up of £21m over three years is described by FinnCap as "an irritation which the company can cope with, but is an unfortunate distraction to focusing on the company numbers".FinnCap has set a target price of 50p a share.There was a contrasting response to Torotrak's figures for the year to March 2010. The transmission systems developer increased revenues from £4.6m to £7.6m and moved from a loss of £1.99m to a profit of £197,000. Torotrak is focusing development on energy efficiency in order to reduce CO2 emissions. The cash outflow from operations was £1.12m. There was net cash of £13.1m at the end of March 2010. Torotrak will need this cash because it is looking at partnership and co-investment deals that will not yield the up front payments related to licence agreements. FTSE TechMARK - RisersKCOM Group (KCOM) 45.50p +7.69%Intec Telecom Systems (ITL) 57.75p +1.32%COLT Group S.A. (COLT) 127.30p +1.27%Domino Printing (DNO) 395.30p +1.13%E2V Technologies (E2V) 51.25p +0.49%FTSE TechMARK - FallersOptos (OPTS) 110.00p -11.29%Torotrak (TRK) 20.50p -10.87%CML Microsystems (CML) 50.50p -9.01%Sinclair Pharma (SPH) 25.50p -7.27%Skyepharma (SKP) 34.00p -6.21%ARM Holdings (ARM) 228.60p -5.62%Wolfson Microelectronics (WLF) 159.50p -5.20%Consort Medical (CSRT) 350.00p -5.15%ProStrakan (PSK) 74.00p -5.13%Trafficmaster (TFC) 40.00p -4.76%