Preliminary Unaudited Results for the Year Ended 31 March 2008
17 June 2008
Summary |
||
|---|---|---|
| 2008 | 2007 | |
| Revenue from continuing operations | £225.1m | £305.2m |
| Profit before tax | ||
| - Continuing operations | £5.2m | £10.1m |
| - Discontinued operations | £(0.7)m | £(3.9)m |
| £4.5m | £6.2m | |
| Profit after tax for the period | £4.7m | £4.2m |
| Basic earnings per share | 2.85p | 2.58p |
| Final dividend per share (proposed) | 0.80p | 0.80p |
| Total dividend per share | 1.20p | 1.20p |
- Earnings per share up 10.5% to 2.85p
- Christmas 2008 orders up 17%
- Corporate vouchers operating profit up 11% to £3.4m
- Improved customer protection provided via trust accounts
- Cash balances strong
- No group borrowings
- Dividend for year maintained
Peter Johnson, Executive Chairman, commented: ‘I am pleased to report that Christmas savings orders for Christmas 2008 have shown a healthy recovery after the disappointing decline last year and that our corporate voucher business continues to grow. The outlook for the current year remains encouraging assisted by the growth in web enabled transactions.’
Enquiries:
Park Group plc - 0151 653 1700
Peter Johnson, Executive Chairman
Chris Houghton, Group Managing Director
Issued on behalf of Park Group plc by Tavistock Communications Limited (Contact Jeremy Carey, John West, tel : 020 7920 3150
