[ADVERT]
Share Name Share Symbol Market Type Share ISIN Share Description
Cppgroup Plc LSE:CPP London Ordinary Share GB00BMDX5Z93 ORD GBP1.00
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  11.00 2.93% 386.00 372.00 400.00 1,101 16:35:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 141.1 2.0 -19.3 - 34

CPP Group Says Foreign Currency Dented 1st Half Revenue, EBITDA -- Currency Comment

24/08/2021 3:00pm

Dow Jones News


Cppgroup (LSE:CPP)
Historical Stock Chart


From May 2021 to Nov 2021

Click Here for more Cppgroup Charts.

By Paulo Trevisani

 

British personal-protection firm CPP Group said Tuesday that currency conversions had a negative impact on its first-half results.

The company, which provides services such as cyber risk management, warranty and mobile phone insurance and payment card protection in several countries, said foreign exchange movements had a negative impact of GBP4.6 million ($6.31 million) on revenue, compared to GBP1.4 million in the first half of 2020, and a GBP500,000 negative impact on earnings before interest, taxes, depreciation and amortization, versus GBP100,000 a year ago.

CPP reported a 10% increase in revenue to GBP66.4 million in the first half versus a year earlier, while EBITDA increased 37% to GBP2.6 million.

The Leeds-based company said the average exchange rate for the Indian rupee in the first half of 2021 was 101.78, for the Turkish lira it was 11.20, for the euro 1.15, for the Mexican peso 28.17 and for the Chinese yuan the average rate was 8.96.

"The average exchange rates in H1 2021 have weakened against sterling compared to H1 2020 which has resulted in adverse exchange movements in the reported results," CPP said.

 

Write to Paulo Trevisani at paulo.trevisani@wsj.com

 

(END) Dow Jones Newswires

August 24, 2021 09:51 ET (13:51 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

1 Year Cppgroup Chart

1 Year Cppgroup Chart

1 Month Cppgroup Chart

1 Month Cppgroup Chart
ADVFN Advertorial
Your Recent History
LSE
CPP
Cppgroup
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:gb D:20211128 23:58:07