Here’s why the Coventry Group (ASX:CYG) share price is up 5% today

The Coventry Group Ltd (ASX: CYG) share price has popped up 5.83% at the time of writing and is currently trading at $1.09.

The bounce follows Coventry’s release of its half-year results for the period ended 31 December (1H21).

Let’s take a look at how Coventry has been performing.

Coventry Group financial highlights

Coventry’s 1H21 revenue was up 12% compared to the prior corresponding period (pcp). Revenue for the period rang in at $137.8 million versus $122.6 million for 1H20.

The group reported a net profit after tax (NPAT) of $2.3 million, which was a bump up from the $2 million posted in the pcp.

Underlying earnings before interest, tax, depreciation and amortisation (EBITDA) was $7 million, a 74.5% jump from $4 million…