Source - SMW
Software company Elecosoft reported that first-half profit rose by nearly a quarter as revenue 'held up well' amid the ongoing Covid-19 pandemic.
 
For the six months ended 30 June 2020, pre-tax profit increased by 23% on-year and revenues fell 4%.
 
'Elecosoft continued to perform well in the first half of 2020; and we will concentrate on increasing sales, improving our recurring income, and generating positive cash flow in the second half,' the company said.


 



At 9:17am: (LON:ELCO) Elecosoft PLC share price was +0.5p at 78p



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