Park Group continued to grow billings, profits, cash and the well-covered dividend in FY18. Billings growth was modest, with the previously flagged delayed start to a significant contract within the corporate business, but profit growth was supported by higher margins, primarily reflecting business mix changes. The management transition is complete with both a new CEO and CFO in place and we expect to hear more about the strategic objectives over the next few months.
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Continued growth in earnings and cash
- Published:
27 Jun 2018 -
Author:
Martyn King -
Pages:
9
Park Group continued to grow billings, profits, cash and the well-covered dividend in FY18. Billings growth was modest, with the previously flagged delayed start to a significant contract within the corporate business, but profit growth was supported by higher margins, primarily reflecting business mix changes. The management transition is complete with both a new CEO and CFO in place and we expect to hear more about the strategic objectives over the next few months.