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Christie Group

  • BY: Andrew Hore |
  • POSTED: 14/06/2017 |

Christie Group expects a much-improved first half, although the comparative period was weak.

The share price rose more than 10% to 96p.

The first half of last year was subdued because of the EU referendum. In 2016, revenues were flat at £64.5m, but pre-tax profit slumped from £3.16m to £477,000. The stock and inventory services division reduced its loss but the profit contribution by the business services division was slashed.  Net debt was £4m at the end of 2016. The dividend was maintained at 2.5p a share.

The stock and inventory services division has been winning new customers, while the business services division has been involved in a number of significant deals in the pubs, pharmacy and care sectors. 

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