Eleco Plc (GB:ELCO) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Eleco Plc, a software provider for the built environment, reported a successful 2023 with notable increases in key financial metrics. Annualised Recurring Revenues rose by 24% to £22.6m, and both profit before and after tax saw significant increases of 17% and 13%, respectively. The company’s strategic acquisitions and operational highlights, such as the award-winning Asta Powerproject and strategic divestments, contributed to its robust financial performance and strong outlook for continued growth into 2024.
For further insights into GB:ELCO stock, check out TipRanks’ Stock Analysis page.
