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Investegate |SEC Newgate S.p.A. Announcements | SEC Newgate S.p.A.: Year End Trading Update and Notice of Results


 
and
 
The Board of SEC Newgate (AIM: SECN),
the insight-driven global strategic communications group that works at the nexus of business, politics, communities, markets and media, is pleased to provide an update on results (unaudited) for the year ended 31 December 2020.
 
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Gross Profit of €56.1m  (2019: €37.6m)
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Profit before Tax of €3.0m  (2019: €1.3m)
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Group net Debt (at 31 December 2020) of €7.4m (excluding the impact of c. €5.6 million IFRS 16 adjustments for leases) (2019: €8.7m (excluding the impact of c. €8.4 million IFRS 16 adjustments for leases))
 
Note: 2019 results include four months of the enlarged Group s trading performance following the merger of SEC S.p.A. and Porta Communications plc ....

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