4th Sep 2020 09:02
(Alliance News) - Professional services firm Christie Group PLC on Friday hailed its "positive" 2019 but decided against paying a final dividend due to "economic uncertainty".
Revenue in 2019 climbed 2.6% to GBP78.0 million from GBP76.1 million. Pretax profit was up 23% to GBP4.4 million from GBP3.6 million.
"2019 was another positive year for Christie Group amidst the prevailing Brexit uncertainty. However, the Covid-19 pandemic has since caused us to re-assess our plans and expectations for 2020," Chair & Chief Executive David Rugg said.
The company furloughed over 1,300 UK employees from April 1 and since then, roughly 70% have returned to work.
Christie did not declare a final payout, meaning its annual dividend is 58% lower at 1.25 pence per share from 3.0p.
Shares in the company were 8.0% higher at 74.50p each in London on Friday morning.
By Eric Cunha; [email protected]
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