IN BRIEF: Christie Suspends Dividend Amid Swing To First Half Loss

Christie Group PLC - London-based professional services firm - Swings to a pretax loss of GBP6.0 ...

Alliance News 29 October, 2020 | 11:47AM
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Christie Group PLC - London-based professional services firm - Swings to a pretax loss of GBP6.0 million for six months ended June 30 from a profit of GBP891,000 the year prior. Revenue plunges 51% to GBP18.8 million from GBP38.1 million. Declares no interim dividend, compared with 1.25 pence paid in the year prior.

"The group's performance was impacted by the outbreak of Covid-19 and the subsequent difficult trading conditions associated with the lockdown. However, all businesses have resumed to the extent now possible. Our third quarter trading has been encouraging and, if it continues, should lead to a much improved second half," says Chair & Chief Executive David Rugg.

Cash held as at June-end was GBP13.4 million, up from GBP2.4 million at the same time in 2019.

Current stock price: 73.00 pence

Year-to-date change: down 36%

By Ife Taiwo; ifetaiwo@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Christie Group PLC 91.50 GBX 0.00 -

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