TRAK Trakm8 Holdings Plc

(Rewrites, adds details of contract win.)

By Simon Zekaria

LONDON--Trakm8 Holdings PLC (TRAK.LN), a telematics and data provider, Monday reported a rise in earnings on higher revenue, and also won contracts.

Pretax profit jumped to GBP3 million ($4 million) in the fiscal year ended March 31 from GBP1.7 million in the year-earlier period.

Revenue rose 44% year-over-year to GBP25.7 million.

It proposed a maiden dividend per share of 2 pence.

For the outlook. it said it continues to have a strong order pipeline and increase in sales opportunities, without disclosing financial details.

Separately, the group said it won two contracts with insurer Allianz (ALV.XE). One of the deals is for a supply contract and the initial order is for 5,000 devices in China.

 
--Write to Simon Zekaria at simon.zekaria@wsj.com 
 

(END) Dow Jones Newswires

July 04, 2016 02:55 ET (06:55 GMT)

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