With revenue close to £100m, gross margin close to management's 45% target, and operating costs under control despite the COVID-19 outbreak there was a lot to commend these full year results. Under normal circumstances,where top line (in mostly in the UK) cash collection (across the board) hadn't been impacted by a global crisis we believe these would have represented an unequivocally positive outcome and the share price would have behaved very differently.
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Ince Group - Full Year Update Note
- Published:
21 Aug 2020 -
Author:
Oliver Juggins -
Pages:
7
With revenue close to £100m, gross margin close to management's 45% target, and operating costs under control despite the COVID-19 outbreak there was a lot to commend these full year results. Under normal circumstances,where top line (in mostly in the UK) cash collection (across the board) hadn't been impacted by a global crisis we believe these would have represented an unequivocally positive outcome and the share price would have behaved very differently.