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The Pebble Group posts rise in profit as expenses fall

By BFN News | 09:50 AM | Wednesday 16 September, 2020


Marketing company The Pebble Group reported a small rise in first-half adjusted profit after a fall in revenue was offset by lower expenses. Pre-tax profit for the six months through June amounted to £0.6m, compared to a loss of £3.6m on-year, which included a £4.1m exceptional cost due to deferred acquisition payments. Adjusted pre-tax profit rose to £0.9m, up from £0.7m, even as revenue fell 30% to £33.6m. Chief executive Christopher Lee said the company did not expected a significant return of conferences or events until at least the second half of 2021. However, he said the current sales trend and the contracted, long-term nature of its client relationships gave it confidence in the re-emergence of sales demand through 2021. At 9:50am: (LON:PEBB) The Pebble Group PLC share price was -5p at 87.5p Story provided by StockMarketWire.com

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