LONDON (Alliance News) - Software and technology firm Tracsis PLC said Tuesday trading in its first half to the end of January was ahead of the previous year, and expressed confidence in meeting market expectations for the full 2015 financial year.
According to figures provided by Morningstar, analysts expect Tracsis to post a full-year pretax profit of GBP5.5 million.
Tracis said it expects to post adjusted earnings before interest, tax, depreciation and amortisation and pretax profit for the recently completed first half ahead of the year before, on revenue of over GBP11 million, compared to GBP9.8 million. In the half-year to January 2014, Tracis had posted an adjusted Ebitda of GBP2.8 million and pretax profit of GBP2.3 million.
Tracsis did not detail how Ebitda has been adjusted in the recent half.
The company said its operations in North America are progressing to plan, and it is continuing to work with a US railway for the adoption of its remote condition monitoring technology amongst other opportunities.
Datasys, which it acquired last May, has made a "strong contribution", Tracsis said. It is continuing to look at a number of acquisition opportunities.
Tracsis expects to release its interim results on April 15.
Shares in Tracsis are trading down 1.0% at 416.00 pence Tuesday morning.
By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews
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Tracsis (TRCS)