18th Jul 2014 07:47
LONDON (Alliance News) - Homeserve PLC Friday said it is trading in line with its expectations, and reported "solid progress" in its UK business in the first three months of the current financial year, as well growing customer numbers and securing partnerships in its international businesses.
In a statement covering April 1 and July 18, Homeserve said that trading will, as usual, be weighted towards the second half of the financial year, reflecting the seasonality of its marketing activity and associated renewals profile.
Homeserve said its net debt increased to GBP48.0 million at the end of June, from GBP42.0 million at the end of March.
The statement was issued to coincide with Homeserve's annual general meeting taking place Friday.
Homeserve shares were early Friday quoted down 0.2% at 302.30 pence.
By Samuel Agini; [email protected]; @samuelagini
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