Interim Results 29 April 2008
Shares in The Character Group plc took a tumble this morning following the release of their Six Month Interim Results.
Selected Highlights:
Introduction "The Group has produced a creditable performance for the half-year, achieving pre tax profits of £3.25 million against £7.03 million for the same period for the previous year, on turnover of £48.6 million (2007: £56.2 million)"
Review "As a major UK supplier, we continue to capitalise on our market position, whilst at the same time seek to develop further our international markets. we entered the 2008 financial year with confidence that we had developed a strong, innovative and exciting product portfolio, which meets both the demands of the customers and the consumer. We continue to maintain that confidence."
Financials "Stocks have increased to £9.1 million from £5.4 million as a result of slower sales over Christmas."
Outlook "Trading is expected to remain tough and challenging throughout the year."
