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Park Group FY10 Pretax Profit Dips 16%, Maintains Dividend

Thu, 10th Jun 2010 07:57

LONDON (Dow Jones)--Park Group PLC (PKG.LN), U.K.-based multi-redemption voucher business focused on the corporate gift voucher and Christmas savings markets, Thursday reported a 16% fall in fiscal 2010 pretax profit but maintained the dividend 1.32 pence, adding that current year has started well with both core businesses ahead of the comparable period 12 months earlier. MAIN FACTS: -Revenue for year ended March 31 increased 5% to GBP263.2 million (2009: GBP250.5 million) -Operating profit increased 38% to GBP4.3 million (2009: GBP3.1 million) -Finance income GBP960,000 (2009: GBP3.1 million) -Pretax profit GBP5.3 million (2009: GBP6.2 million) -Diluted EPS 2.14 pence (2009: 2.43 pence) -Proposed final dividend of 0.88 pence per share (2009: 0.88 pence) making a total dividend of 1.32 pence (2009: 1.32 pence) for the year -Total cash balances GBP120 million (2009: GBP124 million); No bank borrowings. -Year end cash balance GBP15.5 million (2009: GBP12.2 million) with a further GBP21.5 million (2009: GBP16.5 million) held in trust -Shares on Wednesday closed at 20 pence, valuing the company at GBP33 million. -By Tapan Panchal, Dow Jones Newswires. Tel +44(0)207-842 9448, tapan.panchal@dowjones.com (END) Dow Jones Newswires June 10, 2010 02:57 ET (06:57 GMT)
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12 Jun 2018 10:34

Park Group Profit Grows As Revenue Declines But Billings Increase

LONDON (Alliance News) - Gift card provider Park Group PLC said Tuesday its annual profit grew 4.1% as both consumer and corporate business performed well, increasing billings.For the year

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14 May 2018 12:10

Gift Cards Provider Park Group Appoints Tim Clancy As Finance Head

LONDON (Alliance News) - Park Group PLC, the company behind Love2Shop prepaid gift card, said Monday that Tim Clancy will succeed Martin Stewart as group finance director on August announced his a

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28 Mar 2018 13:24

Park Group Says Gary Woods Steps Down From Board And Will Retire

LONDON (Alliance News) - Gift voucher and gift card company Park Group PLC said on Wednesday Gary Woods, managing director of its Park Retail unit, has stepped down from the a

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9 Jan 2017 09:02

Retail Gift Card Provider Park Group Receives Mastercard License

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9 Jan 2017 08:53

Park obtains license for Mastercard products

(ShareCast News) - Park Group, a British multi-retailer, announced that it is now a licensed issuer of Mastercard products. The group is now able to issue Mastercard prepaid cards for online redemption at selected retailers including John Lewis, Argos and Debenhams. The offering will be expanded to

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22 Nov 2016 16:20

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5 Oct 2016 07:59

Park Group buys employee motivation partner Fisher Moy

(ShareCast News) - Multi-retailer gift voucher company Park Group has acquired Fisher Moy International, a corporate employee and customer engagement specialist, for an undisclosed fee after working with the company for over a year as an external provider. The AIM-listed company expects debt-free Fi

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22 Sep 2016 07:37

Park Group Order Book Up Ahead Of Busier Second Half

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1 Jul 2016 09:41

Park Group Deputy Chairman Dembitz Steps Down

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14 Jun 2016 09:48

Park Group Encouraged By Current Year So Far As Annual Profit Rises

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7 Jun 2016 15:06

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5 Apr 2016 15:21

Park Group appoints Laura Carstensen as chairman

(ShareCast News) - Park Group, the AIM-listed UK retail voucher and gift card services provider, has appointed Laura Carstensen to succeed Peter Johnson as non-executive Chairman on his retirement. In statement on Tuesday, the company said the appointment would take effect from 3 June. Carstensen jo

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5 Apr 2016 09:05

Park Group Annual Results To Be In Line; Appoints New Chairman

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