Year ended 31 December
|2019 £’000||2018 £’000||Change ’%’|
|Profit before tax||3,473||2,394||+45%|
|Earnings per share (basic) (continuing operations)||3.3p||2.3p||+43%|
|Recurring maintenance, support and subscription revenue||14,435||12,326||+17%|
|Adjusted operating profit*||4,545||3,950||+15%|
|Adjusted earnings per share**(pence per share)||4.1||3.8||+8%|
|Free cash flow***||4,069||3,144||+29%|
|* Adjusted to exclude acquisition related expenses and amortisation of acquired intangible assets.|
|** Adjusted earnings per share represents adjusted operating profit less net finance costs and tax, divided by a weighted average number of shares.|
|*** Free cash flow represents cash generated in operations less purchase of intangible assets and property, plant and equipment, net of finance costs and tax plus any proceeds from disposals of property, plant and equipment.|
Download the Annual Report & Accounts 2019
The Elecosoft plc 2019 Annual Report & Accounts for the year ended 31 December 2019 are now available to download.
Shareholders can elect to receive hard copy shareholder documents at any time by informing Link Asset Services at The Registry, 34 Beckenham Rd, Kent, BR3 4TU.