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Eleco

  • BY: Andrew Hore |
  • POSTED: 29/05/2012 |

Building and software products supplier Eleco believes that cost cutting will enable its building systems division to be profitable in 2012. 

Eleco’s software operations have performed well in the first four months of the year. This has enabled Eleco to make an underlying profit of £51,000 in the first four months of 2012, compared with a loss of £1.53m in the same period last year.

Eleco continues to rationalise its precast concrete operations. There will be additional exceptional costs related to this. The benefits will take time to come through.

At 8.75p a share, Eleco is valued at £5.31m.

Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFMay2012_32.pdf

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