- Technology company Essensys swung to an annual profit thanks to stronger growth in US connect division.

For the year ended 31 July 2020, pre-tax profit was £300,000 compared with a loss of £1.4 million year-on-ear as revenue increased 9% to $22.5 million.

'The group remains well placed to take advantage of expected increasing demand for flexible workspace, in spite of the uncertainty relating to Covid-19,' the company said.

Revenue was driven primarily by an increase in Connect revenue within the group's US business where total live Connect sites grew to 223 at the year-end from 164 last year.

At 9:39am: [LON:ESYS] share price was +10p at 147.5p

Story provided by