IN BRIEF: Tandem Expects Higher Interim Profit And Revenue

Fri, 28th Aug 2020 15:59

Tandem Group PLC - sports equipment distributor based in West Midlands - Expects pretax profit and revenue for the first half of 2020 to be ahead of the year before. For six months ended June 2019, pretax profit was GBP370,000 on revenue of GBP16.0 million. Supply chain to date has remained under pressure with strong global demand on suppliers and increased lead times. Difficult to forecast full year result at current time.

Current stock price: 370.00 pence

Year-to-date change: more than doubled from 180.00p

By Dayo Laniyan; dayolaniyan@alliancenews.com

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