Character Group plc (GB:CCT) has released an update.
Character Group plc, a prominent toy designer and distributor, reports a pre-tax profit of £2.1m for the half-year ending 29 February 2024, a significant increase from the previous year’s £0.5m, despite steady revenue at £57.6m. The company attributes the profit rise to reduced selling and distribution costs, coupled with a robust product portfolio and a strong balance sheet with a net cash position. Character Group remains optimistic about exceeding market expectations for the full year, maintaining a healthy dividend and continuing its share buyback program.
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