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Investegate |Transense Technlgy Announcements | Transense Technlgy: Holding(s) in Company - Vimarsana News

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Transense Technologies swings to modest profit on higher sales | 17 February 2021 - Vimarsana News

Transense Technologies swings to modest profit on higher sales | 17 February 2021

17 February 2021 | 09:41am StockMarketWire.com - Specialist sensor system developer Transense Technologies swung to a modest first-half profit after it its boosted sales. Net profit for the six months through December amounted to £0.05 million, compared to a year-on-year loss of £1.19 million. Revenues from continuing operations climbed to £0.90 million, up from £0.28 million. 'These results reflect the transformational change in the business since the transactions completed last June, moving iTrack from an operational business into a licence model last June,' executive chairman Nigel Rog...