Optivo Finance Plc reports decline H1FY20 total turnover to £154 million

1 min read | November 21, 2020 07:26 AM EST | By Team Kalkine Media

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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.

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