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ECSC more than halves annual losses amid recovery in demand
StockMarketWire.com
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Cyber security services group ECSC more than halved annual losses following a recovery in demand since the third quarter of the year.
For the year ended 31 December 2020, pre-tax losses narrowed to £319,000 from £750,000 year-on-year, while revenue fell 4% to £5.6 million.
'Despite the impact of COVID-19 on the assurance division in Q2, we began to see rapid recovery in Q3 and a return to growth of 6% in Q4 against Q4 2019,' the company said.
Looking ahead, the company said the 'strong momentum of Q4 has continued into Q1 2021, with a number of impressive contract wins in our MDR division.'
At 9:57am: (LON:ECSC) ECSC Group Plc share price was 0p at 62.5p
Story provided by StockMarketWire.com
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