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Tracsis shares up on full-year expectations

Victoria Young

LONDON (ShareCast) - (ShareCast News) - UK software company Tracsis (Other OTC: TCIIF - news) said it results were ahead of the prior year and market forecasts, sending shares upward. Shares (Berlin: DI6.BE - news) in the AIM listed stock rose by 5.68% after the company said adjusted pre-tax profit would be "comfortably" ahead of market expectations of £5.5m and ahead of last year's £5m.

Tracsis said revenue would be about £25m, more than last year's £22.4m.

WH Ireland (LSE: WHI.L - news) said while there was limited detail available it expected the outcome was an extrapolation of the first half of the year, which saw good organic growth in the business (Other OTC: UBGXF - news) .