Trakm8 Swings To FY Pretax Profit Of GBP0.3M On Revenue GBP3.4M

1st Jul 2010 08:13

LONDON (Dow Jones)--Trakm8 Holdings PLC (TRAK.LN), a fleet management solutions company, said Thursday that for the year ended March 31, it swung to a pretax profit of GBP0.3 million on revenue of GBP3.4 million. MAIN FACTS: -Revenue GBP3.4 million (2009: GBP3.7 million) -Operating profit GBP0.3 million (2009: loss GBP0.4 million) -Pretax profit GBP0.3 million (2009: loss GBP0.4 million) -Earnings per share 3.06 pence (2009: loss 2.9 pence) -Net assets GBP2.0 million (2009: GBP1.2 million) -Confident that further gross margin improvements and profitability growth can continue over the next 12 months -Expected to increase market penetration both in the large fleet market and the SME space -Shares at 0712 GMT unchanged at 19.5 pence. -By Iain Packham, Dow Jones Newswires; 44-20-7842-9269; [email protected] (END) Dow Jones Newswires July 01, 2010 03:13 ET (07:13 GMT)