Transense Technologies (LON: TRT) is starting to demonstrate its cash generation abilities and the share price is reacting to that. A strong second half means that full year figures will be ahead of expectations.
The Translogik tyre monitoring equipment business had a particularly strong fourth quarter. That meant that group revenues were £4.2m, instead of £4m as forecast, and that compares with £3.53m in the previous year. The pre-tax profit estimate is maintained at £1.3m.
Translogik revenues were 9% higher at £1.12m, which was after a weak first half. This increased momentum is good ...
