Park profit falls 10% amid lower voucher sales in consumer business
Source - SMW
Voucher company Park Group booked a 10% fall in annual profit after sales fell in its consumer business.
Pre-tax profit for the year through March declined to £11.3m, down from £12.6m on-year.
Overall revenue fell slightly to £110.4m, down from £111.1m.
Park declared a final dividend of 2.15p per share, bringing the full-year dividend to 3.20p, up 4.9% on-year.
'Park delivered another good performance last year, continuing to build upon our position as the UK's leading multi-retailer redemption product provider to the corporate and consumer markets,' chief executive Ian O'Doherty said.
'Our outlook for the current financial year is unchanged, as we anticipate continued good growth in our corporate business to be partially offset by a slower consumer Christmas savings market.'