Tracsis (AIM: TRCS) – trading update and news of lots of lovely cash reassures
The leading developer and consolidator of resource optimisation software, condition monitoring technology, and consultancy services to passenger transport industries, issued a reassuring trading update, ahead of its interim results for the six months ended 31 January 2013.
Group trading in the six month period has been buoyant, with revenue expected to be in excess of £4m (H1 2012: £3.7m). It is expected that both Adjusted EBITDA and Profit Before Tax will both be ahead of the same period last year and therefore in line with expectations – full year pre-tax forecast £3.25m. Cash in excess of £8.5m (equivalent to 34p per share) and zero debt is also nice to behold with an interim dividend now on the horizon Look out for further acquisitions over the next few months. For what it’s worth the house broker subsequently upped…