Pebble Beach Systems Group plc (LON:PEB – Get Free Report) shares fell 1.1% on Thursday . The stock traded as low as GBX 7.67 ($0.10) and last traded at GBX 7.67 ($0.10). 1,800 shares changed hands during mid-day trading, a decline of 98% from the average session volume of 88,856 shares. The stock had previously […]
28 April 2021 | 09:52am
StockMarketWire.com - Broadcast and streaming software group Pebble Beach Systems posted an 18% fall in annual profit as the pandemic hurt sales.
Pre-tax profit for the year through December decreased to £1.10 million, down from £1.33 million year-on-year, as revenue fell 25% to £8.39 million.
Pebble Beach said customers were slow to make investment decisions, impacting orders and revenue.
It had seen encouraging uptake in activity in the first quarter of 2021, with orders up 86% year-on-year. 2020 was a challenging year for all, yet our commitment to delivering on our annual plan in line with our company s values enabled us to weather the storm without the need for staff furlough, redundancies, or reduction in our technology investment, chief executive Peter Mayhead said.