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Eckoh hails “very strong” first half, expects revenue growth to continue into second half

For the six months ended 30 September, the payments group said revenues in the US had risen 15% year-on-year to US$14.4mln

Eckoh PLC - Eckoh hails “very strong” first half
Meanwhile in the UK incomes by climbed 8% to £7.9mln

Eckoh PLC (LON:ECK) has hailed a “very strong” first half with double-digit revenue growth across both the UK and the US.

In a trading update for the six months ended 30 September, the secure payments group said contracted business revenues in the US had risen 15% year-on-year to US$14.4mln, while in the UK incomes climbed 8% to £7.9mln. Both increases were in line with expectations.

READ: Eckoh on track to deliver 'good' revenue growth

Looking ahead, Eckoh said its US secure payments business continued to have “excellent momentum”, with a strong pipeline for the second half of the year.

Meanwhile, the group is seeing new UK business from its recently launched Eckoh Experience Portal, which allows organisations to purchase customer engagement and secure payment solutions in a modular fashion.

Eckoh is expecting revenue growth to continue into its second half, although the first six months will have a greater weighting for the full year.

The company is scheduled to report its results for the half-year on 19 November.

Quick facts: Eckoh PLC

Price: 62.711 GBX

Market: AIM
Market Cap: £159.16 m

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