19 January 2021 - trading statement

Shares in AIM-listed Eleco have moved up today following the publication of a positive trading update covering the year to 31 December 2020.  The results for 2020 are expected to show a significant increase in profits with these likely to be at least 10% of the previous year on similar revenues of £25m.  This would mean that pre-tax profits for the year would emerge at around £3.9m with adjusted earnings per share likely to rise to 4.6p.  Strong cash flow during the year has led to net cash being £6.1m . . .

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