Pelatro Plc reported post-close trading update in respect of its full year results for the year ended 31 December 2019. The Board expects to report revenue for the Year in line with its expectations. As previously outlined, the company continuing strategic focus to pivot towards a recurring revenue model. This change in the business mix has significantly increased the proportion of Group revenue generated as repeating income, which is expected to account for around two thirds of total revenue for the Year. Additionally, as previously announced, expected income for 2020 is underpinned by this repeating revenue, currently amounting to approximately $4.0 million.