Source - SMW
Escher Group's revenue roe by 4% to US$12.34m in the six months to the end of June with strong growth in recurring revenue streams which  now account for 47% of the total (H1 2015: 37%).

Adjusted EBITDA increased by 25% to US$3.35m and profit before tax was up 43% to US$1.81m. Basic EPS rose 75% to US$7.0 cents (H1 2015: US$4.0 cents).

Chief executive Liam Church said: "Our core postal business has continued to perform strongly, driven by increased recurring maintenance and support revenues as a result of last year's deployment of our software solutions in Malaysia and North America. 

"The contract win with Vietnam Post demonstrates the continuing demand and relevance in the postal market for our highly efficient and secure Riposte platform.

"Given the quality of our pipeline and contracted revenue, we remain confident about the prospects for H2 2016."  

At 8:52am: (LON:ESCH) Escher Group share price was 0p at 185p

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