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TND - Tandem News Story

375p 10.0  2.7%

Last Trade - 3:23pm

Sector
Consumer Cyclicals
Size
Micro Cap
Market Cap £18.4m
Enterprise Value £16.5m
Revenue £38.8m
Position in Universe 1392nd / 1819

BRIEF-Tandem Group Proposing A Special Dividend Of 2.00 Pence Per Share

Thu 26th March, 2020 8:35am
March 26 (Reuters) - Tandem Group PLC  TND.L :
    * GROUP REVENUE FOR YEAR ENDED DEC 31 2019 UP NEARLY 20% TO
£38.8
MILLION
    * OPERATING PROFIT BEFORE EXCEPTIONALS, FINANCE COSTS AND
TAXATION
WAS £3 MILLION FOR YEAR ENDED DEC 31 2019 UP 35%
    * FY ARE PROPOSING TO PAY A FINAL DIVIDEND OF 3.04 PENCE PER
SHARE
    * IN ADDITION, WE ARE PROPOSING A SPECIAL DIVIDEND OF 2.00
PENCE
PER SHARE
    * AS WE REPORTED IN FEBRUARY, THIS YEAR HAS STARTED MORE
SLOWLY
FOR GROUP
    * NONE OF OUR SCHEDULED SHIPMENTS LEAVING FAR EAST IN WHOLE
OF
FEBRUARY AND INTO EARLY MARCH DUE TO VIRUS
    * THAT SOME OF OUR MAJOR CUSTOMERS HAVE CARRIED STOCK
FORWARD INTO
THIS YEAR WHICH WILL IMPACT ON THEIR ABILITY TO RE-BUY
    * REMAIN CONFIDENT THAT WE HAVE SECURED ALL OF MAJOR WHEELED
TOY
LICENCES FOR 2020

Source text for Eikon:  ID:nRSZ6255Ha 
Further company coverage:  TND.L 

 ((Reuters.Briefs@thomsonreuters.com;))
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