Half yearly report

RNS Number : 3977T

Park Group PLC

06 December 2011

PARK GROUP PLC

INTERIM RESULTS FOR THE SIX MONTHS TO 30 SEPTEMBER 2011

06 December 2011

Summary
	Half year to 30.09.11	Half year to 30.09.10	Year to 31.03.11
	£'000	£'000	£'000

Customer billings	48,583	50,911	297,612

Revenue	46,043	50,911	279,938
Operating (loss)/profit excluding other operating income	(5,228)	(4,525)	5,619
(Loss)/profit before taxation	(4,396)	541	12,507
(Loss)/profit for the period	(3,253)	1,015	9,514
Dividend per share	0.525p	0.50p	1.70p
(Loss)/earnings per share	(1.94)p	0.61p	5.76p

Park Group plc (AIM: PKG.L, "Park" or "the Company") is one of the UK's leading multi-redemption voucher and prepaid gift card businesses focused on the corporate and consumer markets. Park's business is generally seasonal and the first half of the year is traditionally loss making with the bulk of annual revenues and profit generated in the second half.

Commenting on the results and outlook for the full year, Peter Johnson, Chairman, said:

"The second half of the year has started well in the corporate and consumer businesses with orders running ahead of the same time last year. There is no doubt that the prepaid card and our application of online technologies is transforming Park and offers exciting growth opportunities in both existing and new market areas. The outlook for Park is encouraging; the dividend increase reflects this confidence. Park is in a strong position and we anticipate another year of growth."

To see the entire press release click here.

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