Eleco Plc (GB:ELCO) has released an update.
Eleco Plc, a software provider for the built environment, reported a successful 2023 with notable increases in key financial metrics. Annualised Recurring Revenues rose by 24% to £22.6m, and both profit before and after tax saw significant increases of 17% and 13%, respectively. The company’s strategic acquisitions and operational highlights, such as the award-winning Asta Powerproject and strategic divestments, contributed to its robust financial performance and strong outlook for continued growth into 2024.
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