Park Group plc, the UK’s leading multi-redemption voucher and pre paid card business focussed on the corporate and consumer markets is pleased to report increased sales and profit for the year ended 31 March 2013.
Profit before taxation increased 11 per cent at £9.5m (2012: £8.6m)
Billings increased by 7 per cent to £352.0m (2012: £329.0m)
Finance income of £2.0m (2012: £1.7m)
Earnings per share increased by 17 per cent to 4.58p
Proposed final dividend increased 5 per cent to 1.55p per share (2012: 1.475p per share) making a total dividend for the year of 2.1p per share (2011: 2.00p per share), an uplift of 5 per cent.
Total cash balances peaked at £170m (2012: £152m). Year end cash balance of £10.8m (2012: £7.1m) with a further £48.3m (2012: £46.9m) of monies held in trust
Innovation and application of internet and social media technology continue to drive the business, with important new product launches during the year
Corporate and Consumer businesses make further strong progress. Corporate billings ahead by over 8 per cent at £152.6m (2012: £141.8m) and Consumer billings increased by 7 per cent to £199.4m (2012: £187.2m)
flexecash® prepaid card now has close to 900 corporate users with over £160m of value loaded on approximately 2.4 million individual cards since launch
New web sites as well as smart phone and tablet applications launched
Peter Johnson, Chairman, commented:
“The transformation of Park over recent years has been very significant. Park continues to build on the leading market positions of its operations serving the consumer and corporate sectors, delivering high levels of service backed by product innovation and investment. The economic outlook remains flat but we look forward with confidence, focused on delivering another sound performance for all our stakeholders.”
Chris Houghton/Martin Stewart
Adrian Trimmings/Jamie Cameron
John West/Andrew Dunn
Park Group plc
Arden Partners plc
Tel: 0151 653 1700
Tel: 020 7614 5920
Tel: 020 7920 3150
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