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Construction software specialist Eleco said it had made a 'strong' start to the year, following a rise in Q1 profit and revenue as its transformation plans begin to take shape.
For the three-month period ended 31 March 2021, pre-tax profit rose 21% year-on-year and revenue was up 9% to £7.0 million.
'This performance reflects the transformation that has taken place in recent months,' the company said.
'Eleco has experienced a strong start to trading in the first quarter which puts the Company well on track to deliver in line with market expectations for the year as a whole,' it added.
At 9:44am: (LON:ELCO) Elecosoft PLC share price was 0p at 81.5p