Tracsis sees FY profit slip as it hikes total dividend

Transportation and software business Tracsis has post a lower full-year pre-tax profit and hiked its total dividend by 20%.

It said revenue for the 12-month period was £32.6m, from £25.4m, while pre-tax profit came in at £3.96m, from a profit of £4.47m.

The company's total dividend was up 20% to 1.2p a share, from 1.0p, including a proposed interim payment of 0.7p a share.

Chief executive John McArthur said Tracsis' focus in the second half has been one of delivery.

"As a result the group has achieved another set of positive results with strong growth in revenue and profitability," he said in a statement.

"These results include our most active transactional period to date with the acquisitions of SEP and Ontrac, both of which are trading well and have further bolstered our positive performance, and a further two investments completed."

McArthur said these acquisitions, combined with good progress on new software development, had led its offering to be significantly enhanced in terms of breadth and depth.

At about 10:59 GMT, shares in AIM-quoted Tracsis were up 0.67% to 528.5p.