Tracsis plc (GB:TRCS) has released an update.
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Tracsis plc, a leading provider of transport technology solutions, reported a decrease in revenue and profits for the first half of the fiscal year ending January 31, 2024. Despite a 7% drop in revenue and significant statutory losses, the company has seen growth in its recurring revenue from the Rail Technology & Services sector and anticipates a stronger second half with several new contracts in the pipeline, particularly in North America. Tracsis remains debt-free with a strong balance sheet and continues its progressive dividend policy, declaring an interim dividend increase.
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