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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.

Quick facts: Argentex

Price: 125.59 GBX

AIM:AGFX
Market: AIM
Market Cap: £142.18 m
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Argentex co-CEO reports significant increase in underlying earnings in first...

Argentex Group PLC's (LON:AGFX) co-CEO Carl Jani tells Proactive London's Andrew Scott they saw a significant increase in underlying earnings in its first year as a listed company. Profit before tax in the year to the end of March 2020, shot up to £10.2mln from £2.1mln the previous year on...

on 3/8/20

2 min read