Training group Mind Gym said its profit for the financial year just gone by was expected within its previous guidance range, though it withdrew guidance for the current financial year. Revenue for the year through March 2020 was seen rising 15% to £48.2, which was at the top end of the revised guidance published on 9 March. Adjusted pre-tax profit was still to be finalised and expected to fall within the range of £5.8m-to-£7.3m. Mind Gym said it had furloughed some of its employees and implemented a 20% salary cut across the rest of its workforce. 'Whilst the current environment is challenging, the Board believes it also presents opportunities,' the company said. 'Mind Gym's virtual classroom offer, which we have been delivering for a decade, provides clients with an immediate alternative during lockdown.' 'Virtual training sessions receive similarly high ratings in participant feedback to "face-to-face" sessions and we have seen a significant increase in the uptake and adoption of these since the onset of the crisis.' At 9:58am: (LON:MIND) Mind Gym Plc share price was +10p at 97.5p
Sign up to our
Subscribe to the latest investing news by entering your email address below
You can opt out at any time.
For five days a week you will get
- The latest company news
- Insight into investment trends
- Round-up of director's buys and sells
- Articles from Shares magazine
Plus more useful investment content and occasional promotional offers.
UK 350 Risers and Fallers
Tweets not available.