iTIS Interim Results Published
Date: Tuesday, March 10 @ 11:39:21 UTC Topic:
iTIS, one of the two UK suppliers of RDS-TMC Traffic Information and the UK leader has published interim half-year results for Apr-Sep 2008.
Total revenue is up a modest 3% against an operating loss of £0.43m (compared with a profit of £2.18m in 2007).
iTIS derive their income from three key areas, RDS-TMC licences to vehicle manufacturers, PND manufacturers and Trafficlink, a business iTIS acquired in 2007 and which distributes traffic information to broadcasters and the media.
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