Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
Technology company Watchstone swung to a full-year profit after it booked a gain on the sale of its healthcare services business.
Watchstone said its plan prepared its other businesses for future sale remained on track.
Pre-tax profit for the year through December amounted to £30.9m, compared to a loss of £18.9m for 2018. Revenue fell to £7.3m, down from £7.8m.
Watchstone reiterated that 'notwithstanding the Covid-19 situation' that it hoped to complete a further cash return to shareholder of £50.5m before the end of June.
'As we continue to resolve the remaining legacy issues, we hope to return more cash to shareholders as soon as practicable,' it added.
At 9:34am: (LON:WTG) Watchstone Group Plc share price was 0p at 157.5p