Marketing and print firm St Ives said half year pre-tax profit fell by two thirds but it remains confident it can reposition and make progress in the full year.
Pre-tax profit for the 27 weeks to February 1st shrank to £2.0m from £6.4m a year earlier. Revenue for the interim period fell 2.8% to £161.7m. On a like-for-like basis, not including acquisitions, revenue increased by 2.9%.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Commenting on the trading environment, he added: "The UK economy is showing only tentative signs of improvement with confidence still fragile and consumers continuing to be under financial pressure. However...we remain confident that we will make further progress in the full year."
Underlining its confidence in future trading, the interim dividend has been raised by 14.3% to 2.0p per share.
CJ
-
Average pension pot by region – how do your retirement savings compare?Making sufficient savings for retirement is critical to ensure you can enjoy your later years without too many financial worries, but new data suggests some are saving far more than others. We look at the average pension pot by region.
-
Could colour diamonds add a sparkle to your portfolio?Diamonds of various shades never go out of fashion, says Chris Carter
