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Earnings reverse warning for ECSC
Revenue is forecast to increase rapidly at newly-floated cyber security group ECSC (ECSC:AIM), yet profit is expected to be very lumpy according to a new report by house broker Stockdale. It believes ECSC will move from £0.3m pre-tax profit in 2016 to a £2m loss in 2017 as a result of a sharp upturn in operating costs. It expects a return to profit in 2017.