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Trakm8 Holdings to Pay Maiden Dividend

Trakm8 Holdings TRAK is proposing a maiden dividend of 2p per share after profit before tax for the year to 31st March surged by 77%. Revenue rose by 44% and basic earnings per share by 91%.  Both of the acquisitions which it made during the year became earnings enhancing and units reporting to its server were up by 50%.  Its order book remains strong.

Clarksons CKN expects that profits for 2016 will be materially lower than in 2015. The Baltic Dry Index has continued to fall sharply and reached all time lows in the first quarter of 2016. The Clarksea Index has fallen a further 10% since the AGM and the average in the first half of this year was down 30% on the first half of 2015.

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