17th Mar 2020 10:36
(Alliance News) - Best of the Best PLC said it expects earnings in its current financial year to be ahead of guidance on "strong start" to second half.
The company - which run weekly competitions to win cars and other prizes - said investment across all marketing channels in the second half resulted in a rise in customer engagement and new customer acquisition. As a result, revenue and profit is currently ahead of guidance.
In the first half of its current financial year ending April 30, Best of the Best posted pretax profit of GBP1.4 million, up 28% year-on-year from GBP1.1 million. Revenue was up 6.7% to GBP7.6 million from GBP7.1 million a year before, with online revenue representing 99% of the total amount.
For the financial year ended April 30, 2019 the company recorded pretax profit of GBP4.7 million on revenue of GBP14.8 million.
The stock was trading 6.9% higher at 401.00 pence each on Tuesday morning in London.
By Ife Taiwo; [email protected]
Copyright 2020 Alliance News Limited. All Rights Reserved.
Related Shares:
BOTB.L