15th Aug 2022 09:45
(Alliance News) - TP Group PLC on Monday reported a widened pretax loss in a "challenging" 2021.
The consulting firm widened its pretax loss to GBP8 million in 2021 from GBP3.3 million the previous year.
This came as the company's depreciation, amortisation, and impairment charges increased by GBP800,000 to GBP3.1 million in the year and its exceptional operating costs increased to GBP1.9 million from GBP300,000 the previous year.
Revenue rose by 14% to GBP44.3 million from GBP38.7 million. TP said its organic revenue growth was primarily driven by its long term framework contracts and programmes.
Shares in TP Group were down 20% at 1.50 pence on Monday morning in London.
By Heather Rydings; [email protected]
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