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Park profit dips but revenue rises

Christmas hampers and financial services firm Park reported a fall in pre-tax profit yesterday, while revenues increased. Pre-tax profit fell to £5.3m from £6.2m a year earlier, for the year to 31 March. However, revenue increased to £263.2m from £250.5m and operating profit leapt by 38 per cent. A final dividend of 0.88p per share has been recommended. That is unchanged from 2009. Meanwhile, Park said its corporate voucher business operating profit increased 13 per cent to £3.2m on revenue rising to £107.2m from £85m. Chairman Peter Johnson said: “Corporate vouchers are benefiting from a rise in new business and Christmas savings is seeing a steady improvement in customer numbers and order levels.”