CentralNic Group PLC - London-based domain name registry and registrar services firm - Confirms all key figures for 2020 results. Adjustments made during the audit process include operating cashflow improving to USD22.7 million from USD20.0 million and intangible assets reducing to USD257.0 million from USD260.6 million. Says it is taking into account the increasing importance of environmental, social & governance. Says it offset its greenhouse gas emissions by investing in verified carban standard certified clean energy projects as well as undertaking a tree plantation programme.
"CentralNic's results for 2020 evidence the resilience of the group's businesses, even in the face of the Covid-19 economic crisis. As we scale up rapidly, the underlying qualities of high recurring revenues and high cash conversion, calculated at 115% on an adjusted basis in [the 2020 financial year], become increasingly meaningful. The board takes into account environmental, social and governance issues raised by stakeholders in its decision-making process," says Chief Executive Ben Crawford.
Results for the first quarter are due June 1.
Current stock price: 85.20 pence
Year-to-date change: down 9.4%
By Greg Roxburgh; gregroxburgh@alliancenews.com
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