Arena has reported 15% growth in revenue to £51.1m and a 100% increase in underlying EBIT to £0.8m. Strong improvement in working capital led to a 164% increase in cash generated from operations at £7.4m. The group has declared a maiden dividend of 0.45p per share. Net debt post IPO has reduced to £10.5m. Since the period end the group has secured a three-year contract with ITV for ‘Dancing on Ice’ and a two-year contract for the CJ golf trophy in South Korea. Trading is in line with expectation ....
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Solid H1s and maiden dividend
- Published:
25 Sep 2017 -
Author:
Cavendish Research -
Pages:
6
Arena has reported 15% growth in revenue to £51.1m and a 100% increase in underlying EBIT to £0.8m. Strong improvement in working capital led to a 164% increase in cash generated from operations at £7.4m. The group has declared a maiden dividend of 0.45p per share. Net debt post IPO has reduced to £10.5m. Since the period end the group has secured a three-year contract with ITV for ‘Dancing on Ice’ and a two-year contract for the CJ golf trophy in South Korea. Trading is in line with expectation ....