Busy Time for Trafficmaster As Sales of Navigation Technology Soar

Summary


Motorists using satellite technology to beat jams on UK roads have been credited with driving up sales and profits of navigation specialist Trafficmaster.

Shares in Trafficmaster rocketed 15 per cent after the group said car manufacturers were now installing three times as many units of its Smartnav navigation technology as a year earlier.

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Extract


Busy Time for Trafficmaster As Sales of Navigation Technology Soar

With sales of Smartnav trebling to 27,600 units in the year to December 31, pretax profits also advanced to pounds 4.8 million from pounds...

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