Advanced Analysis Free Trading Signals Real Time Alerts
Trade Brighton Pier Shares Your Capital Is At Risk

Brighton Pier Shares Rally On FY 2021 Profit

Updated: 1 Nov 2021

Brighton Pier Group shares rallied in early Monday trading after it reported positive results for the 52 weeks ended June 17.

The company's shares jumped to a high of 83p on the news. However, they have since lost some initial momentum — trading at 73.5p, up 11.59%.

Revenue came in at £13.5 million compared to 22.6 million the previous year.

new-recommended-broker-banner

However, the company swung to a pre-tax profit of £4.2 million, compared to a £10.2 million loss for the same period in 2020, causing the rally in its shares.

Commenting on the results, Anne Ackord, CEO of Brighton Pier, said: “The past 18 months have, at times, been very difficult for our industry. The results we present here are testament to the hard work and dedication of the teams across all divisions and at all levels of the Group, so firstly I would like to thank our staff who contributed in so many ways to these results. 

“I must also thank our suppliers and our landlords for their sensible and supportive approach. To end the year with the acquisition of Lightwater Valley has been particularly satisfying and a sign of how we have remained focussed on our stated aim to expand the Group by further acquisitions.”

Should You Invest in Brighton Pier Group Shares?

One of the most frequently asked questions we receive is, “what stocks are best to buy right now?” It's a wide-ranging question, but one that we have answered… Our AskTraders stock analysts regularly review the market and compile a list of which companies you should be adding to your portfolio, including short and longer-term positions. Here are the best stocks to buy right now

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage . 68 % of retail investor accounts lose money when trading CFDs with this provider . You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money .