26th May 2016 11:07
LONDON (Alliance News) - Construction software company Elecosoft PLC on Thursday said trading in the first four months was in line with market expectations.
The company said it has continued to win new contracts in the UK and internationally, with revenue in the first four months up 10% year-on-year to GBP5.9 million.
Trading profit for the period grew to GBP518,000 from GBP449,000, but pretax profit was down to GBP409,000 from GBP449,000 due to a GBP109,000 termination payment made to one of the company's directors.
Shares in Elecosoft were flat at 23.00 pence on Thursday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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