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Elecosoft beats profit forecast
Construction software minnow Elecosoft (ELCO:AIM) has shot the lights out for 2016, beating pre-tax forecasts by more than 20%. The earnings are so good that it has achieved 2017’s forecast profit a year early. Record sales of £17.7m and sterling tailwinds from its Swedish and German operations have subsequently driven the strong operational performance. The shares have jumped 20% to 36p.