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The Financial and Operational Highlights

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Lhasa   Tuesday, 05/20/08 11:29:53 AM
Re: Lhasa post# 148
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The Financial and Operational Highlights

20 May 2008

Torotrak PLC

Preliminary results announcement for the year ended 31 March 2008

Financial Highlights:

37% increase in revenues to £3.7m

26% reduction in operating loss to £(2.8)m

£5.4m cash received from licence agreements

£0.5m positive operating cash generated during the year

£6.7m net proceeds raised from Placing and Open Offer

Robust balance sheet - £11.5m cash at year end (2007: £4.3m)


Operational Highlights

Substantial new licensee in the truck and bus market secured as part of licence and engineering development agreements valued at £7m over three to four years

Tata Motors confirmed as an active new licensee following Indian Government approval

Production and sales of first transmissions commenced at Infinitrak in April 2008, as envisaged in our February Interim Management Statement

Two new licensees in motorsport


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