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CORRECT: Pebble Group half-year profit rises on improved revenue

5th Sep 2023 15:21

(Correcting company description)

Pebble Group PLC - Manchester, England-based provider of products and services to the global promotional products industry - In the first half of 2023, pretax profit grows 11% to GBP3.1 million from GBP2.8 million a year prior. Revenue climbs 5.0% to GBP63.3 million from GBP60.3 million. Says board does not consider introduction of a dividend necessary at this time. Looking ahead, CEO Christopher Lee says: "We are continuing to deliver on our stated strategies for Facilisgroup and Brand Addition. Both businesses have strong and differentiated market positions and we look forward to [financial] 2023 when results are expected to be in line with market expectations."

Current stock price: 90.75 pence, up 3.1%

12-month change: down 10%

By Tom Budszus, Alliance News reporter

Comments and questions to [email protected]

Copyright 2023 Alliance News Ltd. All Rights Reserved.


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