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Eleco Reports Strong Interim Financial Growth

Eleco Reports Strong Interim Financial Growth

Eleco (GB:ELCO) has released an update.

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Eleco plc, a specialist software provider for the built environment, has reported robust interim financial results with a notable 31% increase in Annual Recurring Revenue to £25.8m and a 21% rise in total revenue to £16.3m. Profitability surged with a 30% rise in EBITDA to £3.0m and a 23% increase in profit before taxation to £1.6m. Operational highlights included the strategic acquisition of Vertical Digital, the launch of innovative software solutions, and the achievement of the Great Place to Work certification across qualifying business units.

For further insights into GB:ELCO stock, check out TipRanks’ Stock Analysis page.

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