Cppgroup Share Price (CPP)

How long does it usually take for us to receive the dividends?

FULL YEAR REPORT FOR THE YEAR ENDED 31 DECEMBER 2020

Resilient performance; continued strategic progress and recommencement of dividends

CPP Group (AIM: CPP), the multinational provider of personal protection and insurance products and services, is pleased to announce its full year results for the 12 months ended 31 December 2020.
Highlights
· Group revenue increased by 2% to £141.1 million (2019: £138.4 million)
· Revenue from Ongoing Operations increased by 5% to £130.1 million (2019 restated: £123.9 million).
· Adjusted EBITDA increased by 17% to £10.3 million (2019: £8.7 million). Start-up losses from our investment in business growth projects totalled £3.1 million (2019: £3.3 million) resulting in an EBITDA of £7.2 million (2019: £5.4 million).
· Operating profit increased to £3.3 million (2019: £1.6 million).
· Profit before tax increased to £2.0 million (2019: £1.1 million).
· Cash balance of £21.9 million as at 31 December 2020 (2019: £22.0 million).
· Recommencement of dividend payment - the first since 2011, with a proposed final dividend of 25 pence per ordinary share.

Strategic progress
· Effective response to COVID-19 with continued new business wins and pipeline growth in a challenging economic environment.
· Strong recovery in India, the Group's main market, with a better than expected return of partner and consumer confidence in the second half.
· Resilient performance of the renewal books in our UK and EU markets, and an encouraging performance in our Turkish operation.
· Partner base grew 10%, demonstrating our value in times of wider economic uncertainty.
· Customer numbers grew 11% to 11.7 million, showing continued consumer demand for our products and services despite the impact of COVID-19.
· Operational restructuring commenced in Q1 2021 to generate efficiencies in our Spain, Mexico and Malaysia businesses.

To Fly ? 25p per share held -- Jesus

This is looking very good and a promising one to hold long term for me.

Wow - dividend at 25p per share!!!!!! Massive - first time since 2011!