Tracsis (GB:TRCS) has released an update.
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Tracsis PLC, a leading transport technology provider, announced a year of operational transformation with financial performance meeting revised expectations, including an increase in cash balances to £19.8m. Despite the short-term impacts of the UK General Election, the company reports a return to normal activity levels and alignment with new government rail strategies, positioning it for long-term growth. Significant progress in its Rail Technology and Services Division and a refocusing on higher margin software activities underscore Tracsis’s strategic objectives for the upcoming financial year.
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