Eckoh says full-year results will be in line thanks to strong investment
Payment services Eckoh said in Monday its full-year results will be in line with market expectations thanks to new contracts and renewals.
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Eckoh secured 20 new contracts in the UK and managed to renew all its existing contracts, which drove its adjusted operating profit up by 50%.
The company invested strongly in the US during 2014, securing a new contract for a call guard on-site installation.
Chief executive Nik Philpot said the "strong momentum" seen during 2014 has continued during the new financial year.
Philpot added: "We remain confident of our prospects of further significant growth in the years ahead."
N+1 Singer analysts said: "With continued strong performance in the UK and significant opportunities in the US, we remain positive on the group’s prospects in the years to come."
Shares were up 3.62% to 38.34p on Monday at 13:29.