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..
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"The outlook for Park is encouraging; the dividend increase reflects this confidence. Park is in a strong position and we anticipate another year of growth."
The company saw an 8% rise in customer numbers during the period, while customer order value was also significantly ahead of the previous year at £417 (2010: £401).
The firm is set to increase the interim dividend from 0.5p to 0.525p per share.
Cash at the end of the period fell to £3.2m, compared to £11.3m at the same date the previous year.
The share price fell 7.66% to 51.25p by 16:33.
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