21st Mar 2016 16:05
LONDON (Alliance News) - Employee benefits products company Personal Group Holdings PLC on Monday said its results for 2015 should meet or slightly exceed market expectations.
Personal said revenue for the year to the end of December will be around GBP59.6 million, ahead of the GBP47.0 million it generated in 2014 but slightly behind its expectations. Its insurance business and Let's Connect unit have performed well, but its PG Mobile business is taking longer than expected to ramp up.
Personal said its earnings before interest, taxation, depreciation and amortisation for 2015 should be in line or slightly ahead of market expectations, as the slight miss on revenue has not impacted profitability.
Shares in Personal Group were down 1.8% to 567.00 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
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