- CPPGroup reports a substantial improvement in profitability in the year to the end of December.

The group reports an improved underlying operating profit performance from continuing operations at £6.9 million (2014: £2.8 million) and from continuing and discontinued operations combined at £8.9 million (2014: £0.6 million loss).

The group posts a profit for the year from continuing and discontinued operations of £20.8 million compared to a prior year loss of £6.7 million.

Chief executive Stephen Callaghan said: "We have made significant progress in 2015, highlighted by our strong overall performance, including a substantial uplift in our profitability over the prior year.

"These results reflect a new beginning for CPP. We now have the right leadership team in place, supported by over 700 great colleagues and a similar number of dedicated customer service agents. I would like to thank them for embracing the challenges with such enthusiasm and personal commitment. It is the quality and dedication of our people that gives me such confidence in our future."

At 9:53am: [LON:CPP] CPP Group PLC share price was -1.5p at 10.88p

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