Gamma Communications Plc post strong financial performance for H1 2020

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Gamma Communications Plc post strong financial performance for H1 2020

Gamma Communications Plc (LON: GAMA) has released its unaudited results for the six months ended 30 June 2020.

  • The group posted strong financial performance across all business units, the revenue for the period was up by 12 per cent to £177.3 million as compared to £158.2 million for the six months ended 30 June 2019.
  • Profit from operations surged by 21 per cent to £26.3 million as compared to £21.8 million in the H1 2019.
  • The UK Indirect business kept on growing strongly with a focus on the existing partner base and the gross profit increased by 15 per cent to £64.5 million in H1 2020 from £55.9 million in H1 2019.
  • On 8 September 2020, at the time of writing, GMT 10:42 AM, GAMA shares were trading at GBX 1,585.00, up by 75.00 points or 4.97% against the previous day closing price.

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