Trakm8 share price crashes on loss news

By
0 mins. to read
Trakm8 share price crashes on loss news
Master Investor Magazine 44 cover

Never miss an issue of Master Investor Magazine – sign-up now for free!

Read the latest Master Investor Magazine

AIM-listed telematics provider Trakm8 (LON:TRAK) has posted a pre-tax loss of £2.9 million for the six months ended 30th September, a dramatic drop from the £120,000 profit earned during the same period of last year. Revenues for the period also fell by 38% to £8.8 million.

The company warned that the expected improvement in performance during the second half had not materialised and management expect that full year revenues will be around 25% lower than the last.

The share price of Trakm8 plummeted by 65.31% to 22.38p (as of 15:00 GMT).

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

YOUR FREE INVESTMENT MAG

Get real investment insights from some of the best minds in the business - with our free Master Investor Magazine.