UK: Torotrak loss declines to US$2.5m in fiscal 2011

By Graeme Roberts | 30 May 2012

Torotrak posted a loss of GBP1.6m (US$2.5m) for the fiscal year ended 31 March 2012, compared to a loss of GBP3.1m the previous year.

Operating loss for the year fell to GBP1.9m, from GBP2.9m in the previous year. Revenues also fell to GBP4.3m from GBP5.1m.