News Column

Eleco Says UK Performance Offset Subdued First-Half In Europe

June 30, 2014

Anthony Tshibangu

LONDON (Alliance News) - Eleco PLC Monday said it expects revenue and operating profit for its continuing operations in the first-half to be ahead of a year earlier, after benefiting from the upturn in the UK economy which has offset a "more subdued performance" in Germany and Sweden.

The company's half-year ends June 30.

Eleco said its continuing operations now consist solely of businesses engaged in the development and supply of project management, estimation and visualisation software applications serving construction industries principally in the UK, Sweden and Germany, but also in other international markets.

Eleco shares were quoted up 2.4% at 21.50 pence Monday morning.

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Source: Alliance News

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