Tribal Group slashes divi

Education support services firm Tribal Group slashed its dividend payment by 60 per cent as it posted a 39.3 per cent increase in adjusted pre-tax profit.

Education support services firm Tribal Group slashed its dividend payment by 60 per cent as it posted a 39.3 per cent increase in adjusted pre-tax profit.

The group, which completed its restructuring following the disposal of non-core activities and a cost reduction programme, said adjusted pre-tax profit rose to £9.5m for the year ended 31 December 2011 from £6.8m a year before.

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