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Eckoh numbers buoyed by US secure payments growth

US sales jumped by 32% in dollar terms though the recent recovery by the pound cut this to 16%
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US secure payment business is soaring

Good momentum at its US contact centre business sent profits bounding ahead last year at Eckoh PLC (LON:ECK).

“Our momentum in US Payments is particularly pleasing, where we are the market leader in contact centre security,” said Nik Philpot, chief executive.

WATCH: Eckoh PLC upbeat about its future and keen to build on progress in the US

US sales jumped by 32% in dollar terms though the recent recovery by the pound cut this to 16%.

Secure payments revenues in the US were especially strong, rising 179% to US$6.7mln with US9.7mln of unrecognised payments already lined up for the current year.

In the UK, Eckoh has undertaken a root and branch overhaul of its sales activity and switched focus to larger accounts.

Group sales for the year to March rose 3% to £30mln, which reflected the UK restructuring.

Pre-tax profits jumped 61% to £2.4mln over the year with a 13% rise on an underlying basis.

Net cash climbed to £3.6mln while the dividend for the year goes up 15% to 0.55p.

“In US Payments, given the size of the market opportunity, the quality of our patented products and the limited competition, we expect to see strong US growth over the coming years," added Philpot. 

“After a year of transition, the UK operation has made good progress and is expected to return to growth this year.”

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