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Tracsis expects stronger second half

Seasonality and the impact of acquisitions should provide a boost
Tracsis expects stronger second half

At first glance, a fall in first-half profits might not inspire much joy among Tracsis’ (TRCS) investors. But this decline requires some context. For starters, the transport software group adopted new accounting rules pertaining to revenue recognition, but did not restate figures for the comparative period. Under the old system, sales for the six months to January 2019 would have come in at £19.1m, while adjusted cash profits would have landed at £4.4m – up from £4.3m a year earlier.

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