20 August 2020 - trading update

A trading update has been released as it is the company's AGM today.  The group generated an adjusted profit before tax of £7.4m in July. This result absorbed restructuring costs of £0.7m in respect of the headcount reductions announced previously, which have now been completed.  July profit was significantly ahead of the prior year and original business plan, reflecting a period of strong customer demand.  The result also included £1.3m in respect of monies received from the Job Retention Grant.  The remaining furloughed employees are set to be back to work . . .

This content is restricted to members only. We offer three packages from 1 month to a whole year of daily tips, market news and commentary, plus our monthly newsletters.
Registration is quick and simple HERE.

Already a member, log in HERE.