26th Jul 2018 11:54
LONDON (Alliance News) - Tarsus Group PLC said Thursday its interim loss narrowed slightly despite falling revenue, while it has increased its shareholder return.
For the six months to June 30, the media company recorded a pretax loss of GBP1.3 million compared to GBP1.4 million in the same period last year.
Revenue fell by 11% to GBP35.6 million from GBP39.8 million year-on-year. On a like-for-like basis revenue grew 12%.
The company lifted its interim dividend by 10% to 3.3 pence per share from 3.0p.
For the second half of the year, Tarsus said forward bookings are up 10% on last year on a like-for-like basis, and it is "well positioned to deliver encouraging growth".
Tarsus shares were trading up 0.9% at 130.64p each on Thursday.
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