20:20 Jaywing boosts parent Plc results
Our parent company, WEARE 2020 Plc, has reported positive interim results for the first half of our financial year. EBITDA before other income increased 68% to £2.06m and Chairman Stephen Davidson puts much of this growth down to 20:20 Jaywing, as he explains:
"The significant improvement has been within our 2020 Dialogue business and principally the risk consultancy part of this division. Gross profit has increased by 25% and profit before tax has improved from £72,000 loss in the six months to 30 September 2010 to a profit of £854,000 in the six months to 30 September 2011. It is too early to say if there is a maintainable pick up in this sector but we have secured assignments through to next year. The team at Jaywing have worked extremely hard to deliver these results and I would like to thank them for their determination to deliver increasingly profitable results."
Click to view the full Interim Results PDF