25th Sep 2018 13:44
LONDON (Alliance News) - Gift card and voucher provider Park Group PLC said on Tuesday its outlook for the year ending March 31, 2019 remains in line with expectations as its consumer and corporate businesses are reported to be trading well.
Park Group expects to report pretax profit of GBP13.6 million and revenue of GBP300 million, up from GBP12.9 million and GBP296.2 million the year before.
The group said it saw losses for the first half of its year due to being a seasonal business, as revenue is mostly reported in the second half of the year. With cash balances ahead of the prior year, Park Group's operational teams are said to be ready for the peak period in the final quarter of 2018.
Shares in Park Group were up 1.1% at 68.50 pence on Tuesday.