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61.00 0.00 (0.00%)

Bid:

61.00

Ask:

64.50

Spread: 3.50 (5.738%)

Market Cap: £5.60m

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CPPGroup expects half-year results to be in line with expectations

Fri, 15th Jul 2022 09:51

(Alliance News) - CPPGroup PLC on Friday said it expects results for first half of 2022 to be in line with the board's expectations.

CPPGroup "continues to record good growth in its key Indian and Turkish markets. Blink, the group's InsurTech platform servicing the global travel sector, is starting to build a credible proposition around its travel disruption services," explained the Leeds-based company, which provides products and services for financial services customers.

The company is currently focused on a change management programme, under which its Indian business will receive a new IT platform. It will take until early 2025 to complete, CPPGroup said.

The firm will release its results for the six months that ended June 30 on September 26.

Shares in CPPGroup were unchanged at 194.00 on Friday in London. The stock is down 60% in the past 12 months.

By Tom Budszus; tombudszus@alliancenews.com