Business
Interim Report: Half-year ended 31 March 2021
Interim Report: Half-year ended 31 March 2021.
About this update from Diales Group Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 0917B\n Driver Group plc\n 08 June 2021\n \n \n \n \n 8 June 2021\n \n \n \n \n \n DRIVER GROUP PLC\n \n \n \n \n \n (\"Driver\" or \"the Group\")\n \n \n \n \n \n \n \n \n Interim Report\n \n \n For the six months ended 31 March 2021\n \n \n \n \n \n Key Points (for the six months ended 31 March 2021\n \n \n \n \n \n \n \n \n \n \n \n \n \n 6 \n \n \n months\n \n \n \n \n \n \n \n Ended\n \n \n \n 31 March 2021\n \n \n £000\n \n \n Unaudited\n \n \n \n \n \n 6 \n \n \n months\n \n \n \n \n \n \n \n Ended\n \n \n \n 31 March 2020\n \n \n £000\n \n \n Unaudited\n \n \n \n \n Change\n \n \n £000\n \n \n \n \n \n \n Revenue\n \n \n \n \n 24,957\n \n \n \n \n 28,042\n \n \n \n \n (3,085)\n \n \n \n \n \n \n Gross Profit\n \n \n \n \n 6,397\n \n \n \n \n 7,175\n \n \n \n \n (778)\n \n \n \n \n \n \n Gross Profit %\n \n \n \n \n 26%\n \n \n \n \n 26%\n \n \n \n \n -\n \n \n \n \n \n \n Profit before tax \n \n \n \n \n 855\n \n \n \n \n 1,252\n \n \n \n \n (397)\n \n \n \n \n \n \n Add: Share-based payment charge\n \n \n \n \n 158\n \n \n \n \n -\n \n \n \n \n 158\n \n \n \n \n \n \n Underlying* profit before tax\n \n \n \n \n 1,013\n \n \n \n \n 1,252\n \n \n \n \n (239)\n \n \n \n \n \n \n Underlying* profit before tax %\n \n \n \n \n 4%\n \n \n \n \n 4%\n \n \n \n \n -\n \n \n \n \n \n \n Underlying* earnings per share\n \n \n \n \n 1.4p\n \n \n \n \n 1.8p\n \n \n \n \n (0.4p)\n \n \n \n \n \n \n Net cash**\n \n \n \n \n 7,222\n \n \n \n \n 3,301\n \n \n \n \n 3,921\n \n \n \n \n \n \n \n \n \n \n \n \n · \n Underlying* profit before tax at £1.0m (2020: £1.3m) resulting in an underlying* profit before tax margin of 4% (2020: 4%).\n \n \n \n \n \n · \n Profit before tax at £0.9m (2020: £1.3m).\n \n \n \n \n \n · \n Net cash increase year on year of £3.9m to £7.2m (2020: £3.3m).\n \n \n \n \n \n · \n Revenue down by 11.0% to £25.0m (2020: £28.0m) as a result of the impact of COVID-19.\n \n \n \n \n \n · \n Gross profit at 26%, a £0.8m decrease to £6.4m (2020: £7.2m).\n \n \n \n \n \n · \n Fee earner headcount decreased by 28 to 301 with an increase in EuAm offset by decreases in both APAC and Middle East. \n \n \n \n \n \n · \n Overall utilisation rates of 72.1% (2020: 73.1%).\n \n \n \n \n \n · \n...