Skip to main content
The Markets by Proactive
Go to Proactive Australia

Archive

Argentex LLP says trading update shows fundamentals remain strong as 'debt free and cash rich'

Argentex LLP says trading update shows fundamentals remain strong as 'debt free and cash rich'

Argentex Group PLC's (LON:AGF) Harry Adams talks to Proactive London's Katie Pilbeam about the impact coronavirus (COVID-19) had on the business but says fundamentals remain as the company is still 'debt free and cash rich'.

In a trading update, the company said revenues for the six-months to September 30, 2020, were £11.8mln, or 14.7% lower than the previous year.

But the first half also saw the group add a significant number of new customers, with new client acquisition at 87% compared to the same period a year earlier.