ProCook Group PLC - The Gloucester-based pots and pans seller - Revenue in the year to March 31 rises 0.4% to £62.6 million from £62.3 million. It swings to a pretax profit of £730,000 from a loss of £6.5 million. ‘The group has had a strong start to the new financial year with trading momentum continuing to build on the trend established during the last financial year,’ it adds. Citing trading momentum during the first-quarter of the new year, like-for-like sales rose 3.5%, it adds. ProCook does not declare a dividend due to ‘continued macro uncertainty.’
Chief Executive Officer Lee Tappenden says: ‘Our performance during the first quarter of FY25 demonstrates continuing momentum, and, whilst the market remains subdued and uncertain, we are confident that we can build on our recent performance, delivering sustainable and profitable growth for all our stakeholders in the current financial year and beyond.’
Current stock price: 18.50 pence each, up 9.1% on Wednesday morning in London
12-month change: down 30%
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