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Trading Update

21 Apr 2010 07:00

RNS Number : 5012K
Trakm8 Holdings PLC
21 April 2010
 



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

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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