Elecosoft Public Limited Company (ELCO)

Sector:

Construction and Building Materials

Index:

FTSE AIM All-Share

 92.50p
   
  • Change Today:
      0.000p
  • 52 Week High: 97.50
  • 52 Week Low: 75.00
  • Currency: UK Pounds
  • Shares Issued: 83.21m
  • Volume: 535
  • Market Cap: £76.97m
  • RiskGrade: 176

Elecosoft profit jumps despite retail and construction sector weakness

By Duncan Ferris

Date: Tuesday 24 Sep 2019

LONDON (ShareCast) - (Sharecast News) - Elecosoft on Tuesday reported a 34% jump in interim profit after a double-digit increase in revenue, as the company said it remained resilient despite weakness in the construction and retail sectors.
Profit before tax climbed to £1.6m for the six months ended 30 June, as revenue rose by 20% to £12.7m following the release of Powerproject XV, the company's newest version of its project management software.

Elecosoft, which provides software to the architectural, engineering, construction and digital marketing industries, boosted its interim dividend by 7% to 0.30p.

Net bank debt was slashed from £1.8m to £0.2m as the AIM- listed company said it worked hard to secure its "already strong" financial position in the first half of the year.

The group said it had remained resilient despite the construction and retail sectors suffering due to prevailing uncertainties and macro-economic weaknesses, which resulted in some delays and hesitation in orders over the period.

John Ketteley, executive chairman of Elecosoft, said: "We have experienced some slowing of the momentum in some of our markets but we continue to experience increasing acceptance of our software and services outside the EU and the UK and this is encouraging.

"Much of our software is aimed at delivering ease of use and efficiencies to our customers, to enable them to reduce their own and their customers' costs in difficult markets."

Elecosoft shares were down 4.43% at 75.50p at 1050 BST.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

ELCO Market Data

Currency UK Pounds
Share Price 92.50p
Change Today 0.000p
% Change 0.00 %
52 Week High 97.50
52 Week Low 75.00
Volume 535
Shares Issued 83.21m
Market Cap £76.97m
RiskGrade 176

ELCO Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
92.46% below the market average92.46% below the market average92.46% below the market average92.46% below the market average92.46% below the market average
95.12% below the sector average95.12% below the sector average95.12% below the sector average95.12% below the sector average95.12% below the sector average
Price Trend
54.97% above the market average54.97% above the market average54.97% above the market average54.97% above the market average54.97% above the market average
41.46% above the sector average41.46% above the sector average41.46% above the sector average41.46% above the sector average41.46% above the sector average
Income
94.96% below the market average94.96% below the market average94.96% below the market average94.96% below the market average94.96% below the market average
82.35% below the sector average82.35% below the sector average82.35% below the sector average82.35% below the sector average82.35% below the sector average
Growth
91.78% below the market average91.78% below the market average91.78% below the market average91.78% below the market average91.78% below the market average
90.24% below the sector average90.24% below the sector average90.24% below the sector average90.24% below the sector average90.24% below the sector average

What The Brokers Say

Strong Buy 0
Buy 1
Neutral 0
Sell 0
Strong Sell 0
Total 1
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

ELCO Dividends

  Latest Previous
  Interim Final
Ex-Div 21-Sep-23 18-May-23
Paid 06-Oct-23 02-Jun-23
Amount 0.25p 0.50p

Trades for 28-Mar-2024

Time Volume / Share Price
08:00 535 @ 92.65p

ELCO Key Personnel

CEO Jonathan Albert Hunter
CFO Neil Pritchard

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