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Pin to quick picksCharacter Share News (CCT)

Share Price Information for Character (CCT)

London Stock Exchange
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Share Price: 323.00
Bid: 316.00
Ask: 330.00
Change: 27.00 (9.12%)
Spread: 14.00 (4.43%)
Open: 307.00
High: 323.00
Low: 302.00
Prev. Close: 296.00
CCT Live PriceLast checked at -

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IN BRIEF: Character shares down as sales, profit to be below consensus

Fri, 20th Jan 2023 09:55

Character Group PLC - Surrey, England-based toy, games and gifts manufacturer - Revenue for the four months to December 31 is down 42% against the comparative period in 2021, with US sales suffering a particularly marked drop. Character says it remains optimistic that an anticipated rebound will come through strongly in the second half and that it will be profitable for the financial year as a whole. However, sales and pretax profit are expected to be marginally below current market expectations. 

"The group has a strong product portfolio of both in-house developed and distributed products and our customers have shown great enthusiasm for our offering at previews," Character adds.

In the financial year that ended August 31, pretax profit fell 25% to GBP11.4 million from GBP15.3 million, even as revenue rose by 26% to GBP176.4 million from GBP140.0 million.

Current stock price: 375.00 pence each, down 8.5% on Friday morning in London

12-month change: down 40%

By Xindi Wei, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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