StockMarketWire.com - CPPGroup has continued to trade profitably and the board expects full year results to be in line with current market forecasts.

Group operating performance has continued the trends outlined in the interim management statement, published on 26 October.

As previously indicated, group revenue and underlying operating profit will decline for the full year principally as a result of reduced new and renewal retail revenue streams in the UK.

Trading in the UK continues to be impacted by lower revenue streams due to the group's restricted ability to sell its full range of products.

But it adds: "We are encouraged that our UK product development initiatives are at an advanced stage and pilot launches will commence shortly. In our international operations, both North America and Latin America continue to grow revenue.

"Performance in southern Europe continues to decline and although Asia Pacific has returned to revenue growth, as a consequence of challenging trading conditions this market is taking longer to develop than expected."


At 8:07am: [LON:CPP] ComProp share price was +1.13p at 14.63p



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