14th Jan 2021 13:48
Best of the Best PLC - London-based competitions organiser - For six months ended October 31, posts revenue of GBP22.1 million from GBP7.6 million the year prior and pretax profit of GBP6.8 million from GBP1.4 million. Credits the sharp jump in earnings to its successful move to a pure online model, growth in customer acquisition, enhanced content creation and IT investment.
Declares special dividend of 40.0 pence per share.
Separately, says it remains in talks with interested parties in regard to formal sales process.
Looking ahead, Best Of The Best says: "The first half of the year has delivered encouraging sales and profits growth, and importantly, we also completed the transition to an online-only business which has driven a step change in growth. This momentum has continued since the period end and, as a result, the board now expects full year pre-tax profits to materially exceed management expectations."
Current stock price: 2,290.00 pence, up 48% on Thursday
Year-to-date change: up 55%
By Ife Taiwo; [email protected]
Copyright 2021 Alliance News Limited. All Rights Reserved.
Related Shares:
BOTB.L