4th Nov 2016 08:25
LONDON (Alliance News) - Best of the Best PLC said Friday its profit for the first half of the year was ahead of management expectations, boosted by improving operating margins.
Best of the Best, which runs competitions to win luxury cars, said its pretax profit for the six months to October 31 has been ahead of management expectations,
Best of the Best said its operating margins have improved, but also that its market investment in customer acquisition during the period was "slightly lower than originally anticipated".
The company said its revenue for the six month period was in line with management expectations, with its proportion of sales online increasing.
Best of the Best will announce its interim results on January 18, 2017.
Shares in Best of the Best were up 10% at 235.50 pence in early trading Friday.
By Adam Clark; [email protected]
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