24th Sep 2020 13:56
CPPGroup PLC - Leeds-based support for financial services and insurance customers - Profit before tax increased by 19% in six months to June 30 to GBP1.0 million from GBP850,000 a year ago. Improvement reflects growth in India, an increasingly streamlined operation in EU Hub as well as a carefully managed and reducing central cost base, offset by ongoing decline in UK and European renewal books. Revenue increased by 3% to GBP61.8 million with a strong first quarter being tempered by a Covid-19 constrained second quarter, particularly in India. New sales activity in third quarter has already markedly improved from the reduced levels experienced during the height of the pandemic. Well placed to maintain robust financial performance over the long term.
Current stock price: 301.80 pence
Year-to-date change: down 17%
By Tapan Panchal; [email protected]
Copyright 2020 Alliance News Limited. All Rights Reserved.
Related Shares:
Cppgroup