Last checked at 21 Apr 2010 07:00
21 April 2010
TRAKM8 HOLDINGS PLC
("Trakm8" or the "Group")
Trading Update
Trakm8, the AIM-listed designer and developer of GPRS based hardware and software for the vehicle placement and security market, is pleased to provide an update on trading for the year ended 31 March 2010.
In the Chairman's statement at the Company's AGM on 20 August 2009 and in the Company's interim results announced on 19 November 2009, the Board confirmed the Company's progress toward sustained profitability and continued positive momentum in challenging economic conditions.
The Board is therefore delighted to announce that the Company's performance for the second half of the year has continued in line with its expectations, with profit and cash both showing improvements compared to the first half of the year.
The Company expects to announce its preliminary results for the year ended 31 March 2010 in early July 2010.
John Watkins, CEO of Trakm8 commented:
"The Company has worked hard to maintain the progress achieved during the first six months of the year and we are therefore very pleased to report a continued improvement in the Company's performance. We are seeing increased demand for our products, accompanied by professional services, and the Board is confident in the outlook for the new financial year"
For further information please contact:
Trakm8 Holdings plc
John Watkins, Chief Executive Officer 01747 858444
James Hedges, Finance Director
Arbuthnot Securities Limited
Alasdair Younie/Richard Johnson 020 7012 2000
Tavistock Communications
Simon Hudson 020 7920 3150
END