Business
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…
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