- Elecosoft said Thursday profit before tax in the first four months of the year was in line with market expectations and 'significantly higher' than the prior year, supported by higher revenue and continuing cost management.

Revenue for the four months ended 30 April 2018 rose 7% compared to the same period a year ago.

'Elecosoft has continued to perform well reflecting both the strength and international spread of our core businesses. I am pleased to say that Elecosoft also continues to be strongly cash generative, and as at 30 April 2018 we had net cash of £2.4m, compared with net cash of £1.0m at 31 December 2017,' said John Ketteley, Executive Chairman said.

At 10:46am: [LON:ELCO] Elecosoft PLC share price was +1p at 72.5p

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