SHARES in traffic data business ITIS Holdings motored to their highest level for two years after the Altrincham-based firm unveiled annual turnover and profits ahead of market expectations and announced its maiden dividend. The shares gained 2.56 per cent, or 2p, to 80p, valuing the AIM-listed company at 拢80m. Sales during the year to March 31 climbed 30.3 per cent from 拢14.42m to 拢18.79m while pre-tax profits before exceptional items rocketed from 拢1.63m to 拢3.9m. ITIS is to pay a dividend of 1.5p a share. In March, ITIS sold its stolen vehicle tracking division NavTrak to an Italian business to leave it focused on traffic data collection. It gathers information about traffic flows to warn drivers about congestion and to help highways authorities and other bodies with their planning for road improvement schemes.
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