Architectural and construction software supplier Eleco (LON: ELCO) beat expectations in 2021. The facilities management software had a particularly good year.
The 2021 revenues are expected to be 8% higher at £27.3m, which includes recurring revenues of £15.4m. Last summer, full year pre-tax profit was thought likely to dip from £4.9m to £4.5m in 2021. The outcome will be around £4.8m. Total dividends of 0.6p a share are forecast.
Net cash has increased from £6.2m to £10m and that figure could rise to £11.5m by the end of this year. This is despite the continued capitalised development ...
