Losses narrow at UK traffic information firm ITIS

Newswire

LONDON, June 22 (Reuters) - UK traffic information firm ITIS Holdings Plc posted better-than-expected full-year sales and earnings on Tuesday and said it was confident of achieving profitability before its cash reserves run out. ITIS, whose traffic messaging system supplies drivers with real-time traffic and route management data in a tie-up with auto services firm AA, said pre-tax losses before exceptionals narrowed by 15 percent to 5.4 million pounds ($9.9 million) in the year to March ...

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