Brief: Kindred Group Q1 Pretax Profit Down At GBP 7.6 Mln

Kindred

28/04/2022 06:39

April 28 (Reuters) - Kindred Group PLC  KINDsdb.ST :
    * INTERIM REPORT: JANUARY - MARCH 2022 (UNAUDITED)
    * Q1 TOTAL REVENUE (B2C AND B2B) WAS GBP 246.7 (352.6)
MILLION
Q1 GROSS WINNINGS REVENUE (B2C) DECREASED BY 31 PER CENT (29 PER
CENT IN CONSTANT CURRENCY) TO GBP 242.4 (352.6) MILLION.
    * Q1 UNDERLYING EBITDA DECREASED BY 77 PER CENT TO GBP 24.5
(106.0) MILLION
    * Q1 PROFIT BEFORE TAX AMOUNTED TO GBP 7.6 (85.3) MILLION
    * Q1 PROFIT AFTER TAX AMOUNTED TO GBP 6.4 (72.6) MILLION
    * WHILE START OF 2022 HAS SEEN SOCIETIES RETURNING TO NORMAL
AFTER
TWO YEARS OF COVID-19 IMPACTING OUR LIVES, WE ARE TODAY
WITNESSING WORRYING GEOPOLITICAL DEVELOPMENT IN EUROPE, BRINGING
BOTH UNCERTAINTY AND TRAGEDY THAT WILL LEAVE ITS MARK FOR
FORESEEABLE FUTURE.
    * WHILST THESE DEVELOPMENTS HAVE HAD A LIMITED IMPACT ON
KINDRED'S
PERFORMANCE FOR Q1 OF 2022
    * WE CONTINUE TO NOTICE AN IMPACT FROM POST-COVID-19
NORMALISATION
ACROSS MARKETS, AS WELL AS DECISION TO CEASE ACTIVITY IN DUTCH
MARKET IN Q3 2021

Source text for Eikon:  ID:nWkr3W0jCD 
Further company coverage:  KINDsdb.ST 

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