LONDON (Alliance News) - Transport industry software and technology company Tracsis PLC on Tuesday said its revenue and adjusted earnings for the first half to the end of January are set to come in ahead year-on-year, though pretax profit will fall due to costs and seasonality effects for one of its acquired businesses.
The company said revenue for the first half was over GBP14.0 million, up from GBP12.0 million a year earlier, driven by solid organic growth and the acquisitions of rail industry software firm Ontrac Ltd and SEP Ltd, which provides traffic planning and management services for the events industry.
Adjusted earnings before interest, taxation, depreciation and amortisation for the half are set to come in ahead of the GBP3.3 million the group made a year earlier, though pretax profit will be lower due to costs related to the acquisitions it has made, the sale of its Australian business and the second-half weighting of earnings for SEP's events.
Tracsis said it remains on track to meet market expectations for the year to the end of July, though it remains vigilant to changing market conditions.
Shares in Tracsis were down 7.9% to 453.65 pence Tuesday morning.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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Tracsis (TRCS)