The Character Group Plc (CCT.L) on Friday reported higher profit in its first six months of fiscal 2025, helped by lower cost of sales and lower administrative expenses. Revenue for the same period, however, was down 8 percent. The company also reduced its interim dividend from the same period a year ago.
During the first six months, the independent toy company posted pre-tax profit of 3.20 million pounds, higher than last year's 2.2 million pounds. Adjusted pre-tax profit came in at 2.1 million pounds, same as the prior-year period.
Character Group reported profit for the period of 2.39 million pounds or 12.84 pence per share, higher than 1.80 million pounds or 9.30 pence per share in the first six months of last year. Adjusted earnings per share for the half year was 8.59 pence, lower than last year's 8.71 pence.
According to the company, revenue for the period declined to 53.0 million pounds from 57.6 million pounds in the same period a year ago.
The company said its Board is declaring an interim dividend of 3.0 pence per share, which is lower than the 8.0 pence per share given during the previous-year period.
The interim dividend will be paid on July 25 to shareholders on the register as at the close of business on July 11. The shares will be marked ex-dividend on July 24, the company added.
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