Tue, 23rd Feb 2021 11:53
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:
Tracsis PLC- Leeds-based traffic data & transportation services firm - Trading for six months ended January 31, the first half of its financial year, aligns with board expectations. Sees "high activity levels across large parts of the group" and expects to post revenue of GBP22 million, a little below the prior year's GBP26.4 million, due to lower sales from its Events and Traffic Data units amid ongoing Covid-19 restrictions. Expects activity levels in these units to progressively return to normal with lifting restrictions. Earnings before interest, tax, depreciation, and amortisation likely to be "only slightly lower" than the previous year's GBP5.6 million as a larger proportion of revenue comes from its higher margin Rail Technology & Services division, combined with cost reduction actions. Cash balances stay strong at around GBP21 million from GBP26.0 million the prior year. Expectations for year ending July 31 remain unchanged and the firm continues investing it its technology base, as well as in pursuing acquisition opportunities.