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25 Jan 2019 | 10:06

Elecosoft expects full year results in line with market expectations

Elecosoft said Friday it expected full-year results 'significantly higher' than that of last year and 'comfortably' in line with market expectations as acquisitions helped bolster performance. The acquisitions of ShireSystems and ActiveOnline, both acquired in the second half of 2018, had made contributions to revenues and profits in line with the board's expectations at the time of their acquisition, Elecosoft said. The remainder of the group, meanwhile, had performed well and continued to achieve year-on-year growth in revenues despite macroeconomic uncertainties and adverse exchange rate movements, the company added. At 10:06am: (LON:ELCO) Elecosoft PLC share price was +8.5p at 78p

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