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Pin to quick picksTandem Group Share News (TND)

Share Price Information for Tandem Group (TND)

London Stock Exchange
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Share Price: 175.00
Bid: 170.00
Ask: 180.00
Change: -7.50 (-4.11%)
Spread: 10.00 (5.882%)
Open: 182.50
High: 182.50
Low: 175.00
Prev. Close: 182.50
TND Live PriceLast checked at -

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IN BRIEF: Tandem shares down as interim profit slumps

Thu, 15th Sep 2022 14:08

Tandem Group PLC - Solihull, England-based sports product distributor - Posts a decline of 33% in revenue to GBP12.9 million in the six months to June 30 from GBP19.3 million a year earlier. Pretax profit plummets to GBP307,000 from GBP1.9 million, as exceptional costs amounted to GBP172,000 compared to none a year ago. Operating profit slumps to GBP600,000 from GBP2.0 million a year earlier. Cash amounts to GBP1.5 million as at June 30.

Looking ahead, Tandem warns the uncertainty of the remainder of 2022 outlook, but it is well-positioned to drive growth. Declares an interim dividend of 3.43 pence per share, unchanged from last year.

Current stock price: 284.00 pence, down 5.3% on Thursday

12-month change: down 53%

By Xindi Wei; xindiwei@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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