30th Jul 2020 17:36
Goco Group PLC - price comparison site - Reports fall in profit on higher costs driven by investment into autosave and the impact from Covid-19. For half year to June 30, revenue rose 8.9% to GBP82.8 million from GBP76 million the year before and pretax profit was down to GBP6.1 million from GBP7.6 million. Keeps interim dividend unchanged at 0.4 pence. Continues to suspend formal guidance for 2020 but maintains commitment to keep the market apprised of position. Fall in profit reflects the "adverse impact of Covid-19 on the price comparison and rewards segments and an increase in total administration costs, partly offset by a significant improvement in the trading profit of the autoSave business," the company said.
Current stock price: 96.10 pence
Year-to-date change: down 7.6%
By Arvind Bhunjun; [email protected]
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