Merit Group (MRIT)

Sector:

Media

 51.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 71.00
  • 52 Week Low: 27.50
  • Currency: UK Pounds
  • Shares Issued: 23.96m
  • Volume: 0
  • Market Cap: £12.22m

Dods Group swings to loss and urges caution

By Duncan Ferris

Date: Tuesday 29 Oct 2019

LONDON (ShareCast) - (Sharecast News) - Dods Group on Tuesday swung to an interim loss before tax after higher costs outweighed the impact of a jump in revenue, with the company remaining cautious on its outlook.
The media and events company booked a loss before tax of £0.3m for the six months ended 30 September, compared with a profit of £0.4m in the same period last year, as cost of sales increased by 33% to £8.3m.

Gross margin dropped from 42% to 34% in the period, which the AIM-traded company attributed to a change in the product mix following the acquisition of Meritgroup Limited on 18 July and increased venue and delivery costs.

However, the addition of Merit helped sales climb by 17% to £12.5m.

The company's integration of its new acquisition, which it snapped up for £22.4m, is reportedly proceeding well and remains on track to realise annual synergies of £0.5m.

While Dods said its results were in line with expectations and acknowledged that it will benefit from an 8-month contribution from Merit, the company warned that it remains cautious in its second half outlook due to the current political and economic environment.

Chairman David Hammond said: "The group continues to deliver quality products and services in a challenging environment. The addition of Merit has enabled us to diversify and increase our recurring revenue base. Notwithstanding the current cautious outlook, the board views the group's medium to long-term prospects with confidence."

Dods Group shares were up 1.96% at 6.50p at 1004 BST.

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Merit Group Market Data

Currency UK Pounds
Share Price 51.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 71.00
52 Week Low 27.50
Volume 0
Shares Issued 23.96m
Market Cap £12.22m

Merit Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
71.43% above the market average71.43% above the market average71.43% above the market average71.43% above the market average71.43% above the market average
36.36% above the sector average36.36% above the sector average36.36% above the sector average36.36% above the sector average36.36% above the sector average
Price Trend
62.74% above the market average62.74% above the market average62.74% above the market average62.74% above the market average62.74% above the market average
61.70% above the sector average61.70% above the sector average61.70% above the sector average61.70% above the sector average61.70% above the sector average
Income Not Available
Growth
69.1% below the market average69.1% below the market average69.1% below the market average69.1% below the market average69.1% below the market average
68.18% below the sector average68.18% below the sector average68.18% below the sector average68.18% below the sector average68.18% below the sector average

Merit Group Dividends

No dividends found

Trades for --2024

Time Volume / Share Price
0 @ 0.000p

Merit Group Key Personnel

CEO Phil Machray

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