Pelatro secures contract change requests worth $500,000

Software firm Pelatro has secured several contracts for change requests, providing the group with approximately $500,000 of additional revenue in 2021.

Pelatro stated that with the change requests taken into consideration, the total revenue value of contracts in hand for 2021 was now about $6.5m.

Chief executive Subash Menon said, "The continued growth in contracts augurs well for 2021 and beyond. Given that we have already secured contracts to deliver $6.5m of revenue for 2021 this early in the year, we have every confidence of our business roll-out and meeting our financial expectations for this year."

As of 0810 BST, Pelatro shares were up 4.61% at 39.75p.