In-line with the January 2020 trading update, Hydrogen has confirmed net fee income of £29.4m and an adj. PBT of £2.9m for the year to December 2019. As previously indicated, this represents a decline of 4% and 9% respectively as operations faced headwinds in both the UK and Hong Kong (c50% of net fees) as a result of Brexit, the proposed adoption of IR35 regulations in March 2020 (now delayed) and protests in Hong Kong. Against this, other APAC countries (mainly Australia and Tha
07 Apr 2020
2019 in line, but 2020 estimates withdrawn
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2019 in line, but 2020 estimates withdrawn
- Published:
07 Apr 2020 -
Author:
Andy Smith -
Pages:
4
In-line with the January 2020 trading update, Hydrogen has confirmed net fee income of £29.4m and an adj. PBT of £2.9m for the year to December 2019. As previously indicated, this represents a decline of 4% and 9% respectively as operations faced headwinds in both the UK and Hong Kong (c50% of net fees) as a result of Brexit, the proposed adoption of IR35 regulations in March 2020 (now delayed) and protests in Hong Kong. Against this, other APAC countries (mainly Australia and Tha