5th May 2016 08:35
LONDON (Alliance News) - Eckoh PLC said Thursday it traded in line with expectations for its most recently ended financial year, adding it had grown revenue and margin by over 20%.
The payment products company said it continued to make "excellent progress" in the US in the year to end-March. It secured nine contracts for its secure payments products, taking its total to 14.
Additionally, Product Support Solutions Inc, which Eckoh acquired in November last year, performed well in its first four months as part of the group, securing a number of new contracts.
Eckoh will report its full-year results on June 14.
"This has been another great year of progress for Eckoh. We have consolidated our US presence growing both organically and through our PSS acquisition and we expect significant future growth to come from the US market. Meanwhile in the UK it has been another strong performance with a raft of new client wins, the retention of our largest clients and the recent patent grant for our next generation payment product. With interest growing globally for our solutions our sales pipeline is stronger than ever going into the new financial year and we are well placed for continued growth," said Chief Executive Officer Nick Philpot in a statement.
Shares in Eckoh were trading flat at 49.25 pence Thursday morning.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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