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Park orders ahead next year

The savings and incentives provider has reported good growth in its consumer and corporate divisions
April 12, 2017

Shares in Park Group (PKG) closed the day's trading 3 per cent up after management reported a rise in sales during the second half of its financial year. Orders for its consumer business were up 4 per cent during the six months to the end of March.

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The second half of the year is typically the busiest time for the savings and rewards group, since it invoices for around 85 per cent of its orders between October and December. Meanwhile, the first half is typically loss-making. The corporate business enjoyed increased traction for its Evolve digital rewards platform, which has signed up 162 companies since its launch in June.