9th Sep 2015 07:08
LONDON (Alliance News) - Telematics company Trakm8 Holdings PLC on Wednesday said trading has started well in its current financial year and said its order book has improved year-on-year.
Executive Chairman John Watkins, speaking ahead of the annual general meeting, said the company's orders in the first five months of its financial year to March 2016 were up 19% year-on-year, following a solid performance in the first five months.
Organic growth in the first five months has been strong and early sales of DCS cameras, following the acquisition of the company in June, have been in line with expectations.
Trakm8 said it remains confident it will hit its expectations for the full year.
Shares in the company were up 6.6% to 184.9 pence on Wednesday morning, one of the best performers in the AIM All-Share.
By Sam Unsted; [email protected]; @SamUAtAlliance
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