Elecosoft profit, dividend both up 50%

Construction software group Elecosoft said its annual pre-tax profit rose by 50% to £2.3m, on the back of a 12% increase in revenue.

The company declared a full-year dividend of 0.6p, up 50%, with a final recommended dividend of 0.4p.

'I am pleased to report that Elecosoft improved its performance significantly in 2017 and has also made a strong start in 2018,'executive chairman John Ketteley said.

'Although there is ongoing uncertainty, notably in relation to Brexit, the fundamental drivers of our business remain.'

At 2:53pm: (LON:ELCO) Elecosoft PLC share price was +3p at 54p