Trading Update
No summary for this filing – the full text is below.
Select text to share a quote on X · sign in to keep highlights & notes in your CCT notes
London: Tuesday, 3 October 2023: The Board of Character provides the following update to shareholders on the Group's trading ahead of the publication of the Company's audited results for the financial year ended 31 August 2023, which are scheduled to be released in December 2023.
Trading conditions across the retail sector have been persistently challenging throughout the financial year ended 31 August 2023, particularly during the important Christmas 2022 period, and these factors impacted the Group's performance in the first half. However, the Directors are pleased to report that, in line with the Board's predictions, the business has performed more strongly in the second half and the Group expects to report full year underlying profitability in line with current market expectations. The strength of the Group's product portfolio has played a crucial part in achieving this result in the second half.
The Group continues to have a strong balance sheet and a net cash position. The Directors look forward to updating shareholders further on this and on the current year's trading at the time of release of the Group's 2023 audited results.
The Character Group plc
FTSE sector: leisure goods:
FTSE AIM All-share: symbol: CCT
Market cap: £52m
Group website: www.thecharacter.com
Product ranges can also be viewed at www.character-online.co.uk
| CHARACTER GROUP PLC CCT Stock | London Stock Exchange |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.