Strong trading boosts Tracsis

In the six months ended January 31 2012, revenue increased to £3.66m, from £1.24m in the same period the year before, which reflected “very strong trading” across the group.

Profit before tax was £1.13m, compared with £127,000 in the same period the year before.

Tracsis has grown steadily since it was spun out of the University of Leeds’ School of Computing in 2004.

The company’s products allow transport operators to computerise staff and crew scheduling through smart planning. Its MPEC subsidiary, bought in June last year, allows remote monitoring of trackside equipment, reducing costs of maintenance for operators.

John McArthur, the chief executive, said: “These interim results reflect the group’s continued growth and maturity as a diversified technology company with both revenues and profits increasing significantly against the same period last year.

“The contribution made by MPEC Technology has been a significant boost and we believe their success demonstrates increasing strength and depth with our market offering.

“Trading across the rest of the group has remained strong and Tracsis continues to boast a healthy balance sheet.

“We remain excited about further growth opportunities, both organic and by way of acquisition.

“As a result of recent trading, profitability and general outlook, Tracsis will initiate the start of a progressive dividend policy which our board believe is sensible and sustainable. This policy endorses our success achieved to date and also our strong belief in the future growth of the business.”