2nd Aug 2018 12:21
LONDON (Alliance News) - Elecosoft PLC said Thursday it expects interim profit to be up 45% year-on-year, reflecting its core business strength and cost management benefits.
The construction software company added that revenue, for the six months to June 30, is expected to be 5% higher year-on-year.
In the fist half on 2017, the company generated revenue of GBP10 million and pretax profit of GBP1 million.
"The first half of 2018 has seen Elecosoft continue strongly its positive forward momentum, delivering solid revenue growth, significant profit growth, and strong cash generation," Chairman John Ketteley said.
Elecosoft shares were trading down 2.8% at 77.75 pence each.
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