LONDON (ShareCast) - (Sharecast News) - Software and services group Elecosoft reported a jump in unaudited interim revenues on Wednesday as the group said it had continued to perform well in the first half of the year.
Unaudited revenue for the six months ended 30 June increased 20% year-on-year. At constant rates of exchange, unaudited revenues increased by 22%.

Elecosoft's trading margins for the period were consistent with the prior year and preliminary results for the half led the group to reiterate its full-year expectations.

The AIM-listed company also continued to generate positive cash flow in the period, helping it reduce net debt from £2.1m to £600,000.

Chairman John Ketteley said: "Elecosoft continued to perform well in the first half of 2019; and will continue to concentrate on increasing sales, on improving further our significant recurring income, and on generating positive cash flow in the second half."

At 1025 BST, Elecosoft shares were down 0.32% to 77.25p.

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