Christie Group rises after 2019 results

AIM-listed business services provider Christie Group (LON:CTG) saw its share price climb by 7.97% to 74.50p (as of 08:30 BST) after reporting a 43% improvement in operating profits for the year ended 31st December. The company’s divisions that deal with the hospitality and tourism industries struggled once COVID measures were put in place but there are some signs of recovery and other business units have not been impacted as severely.

Chairman and CEO David Rugg commented: “2019 was another positive year for Christie Group amidst the prevailing Brexit uncertainty. However, the Covid-19 pandemic has since caused us to re-assess our plans and expectations for 2020. The steps taken across the group in recent months has put the Group in position for the recovery that is now underway. Each of our services remain in demand. We therefore view our future with cautious optimism“.