Business
Half Year Results
Half Year Results.
About this update from Pagegroup Plc
[{"type":"text","content":"\n \n \n RNS Number : 1414V\n PageGroup plc\n 05 August 2020\n \n \n \n \n \n \n \n \n \n \n 5\n \n August 2020\n \n \n PageGroup plc\n \n \n \n \n \n Half Year Results for the Period Ended 30 June 2020\n \n \n \n \n \n PageGroup plc (\"PageGroup\"), the specialist professional recruitment company, announces its unaudited half year results for the period ended 30 June 2020.\n \n \n \n \n \n \n \n \n \n Financial summary\n \n \n (6 months to 30 June 2020)\n \n \n \n \n 2020\n \n \n \n \n 2019\n \n \n \n \n Change\n \n \n \n \n Change\n \n \n CC*\n \n \n \n \n \n \n Revenue\n \n \n \n \n £655.0m\n \n \n \n \n £820.5m\n \n \n \n \n -20.2%\n \n \n \n \n -19.4%\n \n \n \n \n \n \n Gross profit\n \n \n \n \n £300.7m\n \n \n \n \n £433.5m\n \n \n \n \n -30.6%\n \n \n \n \n -30.1%\n \n \n \n \n \n \n Operating profit\n \n \n \n \n £0.4m\n \n \n \n \n £75.6m\n \n \n \n \n -99.5%\n \n \n \n \n -101.1%\n \n \n \n \n \n \n (Loss)/Profit before tax\n \n \n \n \n -£0.8m\n \n \n \n \n £74.6m\n \n \n \n \n -101.0%\n \n \n \n \n \n \n \n \n \n Basic earnings per share\n \n \n \n \n -0.5p\n \n \n \n \n 16.8p\n \n \n \n \n -103.0%\n \n \n \n \n \n \n \n \n \n Diluted earnings per share\n \n \n \n \n -0.5p\n \n \n \n \n 16.8p\n \n \n \n \n -103.0%\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Interim dividend per share\n \n \n \n \n -\n \n \n \n \n 4.30p\n \n \n \n \n \n \n \n \n \n \n \n \n Special dividend per share\n \n \n \n \n -\n \n \n \n \n 12.73p\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n H1 Summary \n \n \n · \n Key priority remains the safety and wellbeing of employees, candidates and clients\n \n \n · \n Group operating profit of £0.4m (H1 2019: £75.6m)\n \n \n · \n Conversion rate** decreased to 0.1% (H1 2019: 17.4%)\n \n \n · \n Cost base reduction of c. 21% achieved in Q2, with significant voluntary sacrifices from employees\n \n \n · \n Total headcount decreased by 713 (9.3%) to 6,985 at the end of June, as we chose to lose recent joiners or those on performance reviews \n \n \n · \n Suspension of dividend policy - fully intend to reinstate returns as conditions improve\n \n \n · \n Strong Balance Sheet with net cash of £161.7m (H1 2019: £81.7m, FY 2020: £97.8m)\n \n \n...