Park Group tumbles on poor results

Vouchers and Christmas hampers supplier Park Group saw its share price take a tumble after reporting a fall in revenue as profits swung into the red.

Vouchers and Christmas hampers supplier Park Group saw its share price take a tumble after reporting a fall in revenue as profits swung into the red.

Revenues for the half year fell from £50.9m to £46m on a like-for-like basis. Meanwhile, rising costs led to a pre-tax loss of £4.4m, compared with a profit of £0.5m the year before..

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

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

Sign up
MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.