Eckoh has released a positive trading update for the year to March’19. Trading was in line with expectations, with both the UK and US divisions delivering double digit growth in H2’19 following a strong first half for new business wins. Post the implementation of IFRS 15, we believe cash is the most important metric for the group. To that end we are highly encouraged by the strong cash generation in the period. Year end net cash of £8.3m is c.9% ahead of our £7.6m forecast, which was upgraded fr ....
14 May 2019
Trading update confirms another strong year
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Trading update confirms another strong year
Eckoh plc (ECK:LON) | 38.0 0 0.0% | Mkt Cap: 110.4m
- Published:
14 May 2019 -
Author:
Oliver Knott -
Pages:
3
Eckoh has released a positive trading update for the year to March’19. Trading was in line with expectations, with both the UK and US divisions delivering double digit growth in H2’19 following a strong first half for new business wins. Post the implementation of IFRS 15, we believe cash is the most important metric for the group. To that end we are highly encouraged by the strong cash generation in the period. Year end net cash of £8.3m is c.9% ahead of our £7.6m forecast, which was upgraded fr ....