You are here

Prices & Quotes - UK Markets - Network International Holdings (NETW)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Up 222.40p
Change Today:
9.00p
Market Cap:
1,223.20m
Sector:
Support Services

Network International interim earnings hit by Covid lockdowns

By Michele Maatouk

Date: Tuesday 18 Aug 2020

LONDON (ShareCast) - (Sharecast News) - Payments solutions provider Network International reported a drop in first-half earnings on Tuesday as it took a hit from Covid-19 lockdowns.
In the six months to the end of June, underlying earnings before interest, tax, depreciation and amortisation fell 31% to $52.7m, with revenue down 11.9%.

Network International said its performance was "significantly impacted" by Covid-related lockdowns, and the associated reductions in domestic and tourism related consumer spending throughout its regions.

Revenue in the Middle East declined 15.3% year-on-year, while Africa revenue was 10.5% lower.

Still, the company said recent trading had improved and its outlook for 2020 was unchanged.

Chief executive officer Simon Haslam said: "There has been much for the business to focus on through this period and we have continued to prioritise supporting our customers and colleagues in navigating through the challenges presented by Covid-19. Though this has, and will, impact financial performance in the short term; we have a strong balance sheet with significant liquidity.

"We are very pleased with the recent improvement in trading momentum during July, although it is still early in the second half and seasonally this always a lower revenue month, so our overall outlook for 2020 remains unchanged."



Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

NETW Market Data

Currency UK Pounds
Price 222.40p
Change Today 9.00p
52 Week High 650.00p
52 Week Low 203.80p
Volume 1,961,829
Shares Issued 550.00m
Market Cap 1,223.20m

Performance Indicators

Compare performance with the sector and the market.

Key
Vs Market
Vs Sector
Value
market
  1. half market star
  2. empty market
  3. empty market
  4. empty market
  5. empty market
sector
  1. half sector star
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
Price Trend
market
  1. half market star
  2. empty market
  3. empty market
  4. empty market
  5. empty market
sector
  1. half sector star
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
Income
Not Available
Growth
market
  1. full market star
  2. full market star
  3. full market star
  4. empty market
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. half sector star
  4. empty sector
  5. empty sector
Price Chg 6m
market
  1. empty market
  2. empty market
  3. empty market
  4. empty market
  5. empty market
sector
  1. empty sector
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
P/E
market
  1. full market star
  2. full market star
  3. half market star
  4. empty market
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. empty sector
  4. empty sector
  5. empty sector
PEG
market
  1. half market star
  2. empty market
  3. empty market
  4. empty market
  5. empty market
sector
  1. full sector star
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
Dividend Yield
Not Available
EPS Growth
market
  1. full market star
  2. full market star
  3. full market star
  4. empty market
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. empty sector
  5. empty sector
Operating Margin
market
  1. full market star
  2. full market star
  3. full market star
  4. half market star
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. full sector star
  5. half sector star

NETW Dividends

No dividends found

Trades for 30-Oct-2020

Time Volume / Share Price
16:35 852,864 @ 222.40p
16:29 51 @ 222.40p
16:29 38 @ 222.60p
16:29 351 @ 224.00p
16:29 624 @ 223.00p

NETW Key Personnel

Chair Ron Kalifa
CEO Simon Haslam