Optivo Finance Plc (LON: 20SY) has released its trading update for the six months to 30 September 2020.
- The company fully adjusted Housing operations, repairs & maintenance to new ways of working during the first half of the year and in the second half will be fine-tuning business model for the future.
- The total turnover of the company declined to £154 million from £162 million reported in H1 2019-20.
- Operating surplus improved modestly to £54 million as compared to £50million in the same period last year.
- The operating margin of the company was boosted by significant decline in net maintenance spend on the budget.