UK's Eckoh up on upbeat outlook, higher order levels

Eckoh

15/06/2022 09:44

** Shares of data security solutions provider Eckoh  ECK.L 
up as much as 6.5% to 41p; set to record its best day in over
two months if gains hold
    ** Company expects FY23 revenue and profit to be
"significantly" higher than FY22, driven by demand in the U.S.
market and recovery in its transaction volumes in UK 
    ** ECK says current order levels "substantially" ahead of Q1
FY22
    ** Company reports FY revenue of 31.8 mln pounds ($38.38
mln) vs 30.5 mln pounds a year earlier
    ** Including session's gains stock down 22.7% YTD

 ($1 = 0.8285 pounds)

 (Reporting by Sinchita Mitra in Bengaluru)
 ((Sinchita.mitra@thomsonreuters.com))