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Eckoh PLC - London-based secure payment and customer contact products - Boasts a strong performance in line with board expectations in the half ended September 30. Notes that it is also trading in-line with market expectations for the year ended March 31, which expects revenue at £40.3 million and adjusted operating profit at £7.5 million.
Eckoh notes revenue growth of 33% to £19.6 million in its first half ended September 30, as well as more than 50% growth in operating profit. Revenue growth was particularly strong in the US market, with the figure rising 34% year-on-year to $10.6 million from $7.9 million. Says orders levels have recovered, following a challenging period last year, increasing by more than 50% to £17.6 million.
Current stock price: 43.00 pence
12-month change: down 17%
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