StockMarketWire.com - Payment services provider Eckoh nearly trebled annual profit as new business wins in the US and UK underpinned performance. For the 12 months to 31 March 2020, pre-tax profit nearly trebled to £3.3m from £1.2m on-year as revenue rose 16% to £33.2m.
Total business contracted hit a record, up 10% to £35.9m.
As previously announced, the company said it would not propose a year-end dividend owing to the ongoing impact from the pandemic.
In the new financial year trading was 'encouraging,' with group revenue and profit comparable to the previous year, the company said.
At 9:04am: [LON:ECK] Eckoh PLC share price was +2p at 60.5p
Story provided by StockMarketWire.com
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