Figures revealed in the OTA’s preliminary results for the year ending 30 September show the company made £19.4 million in group profit before tax, down from £26.1 million in 2018.
However, adjusted figures, which it says provides a “fair, balanced and understandable view” of underlying performance, show a group gross profit increase of 7% and group profit before tax rise of 3%.
The company’s cash at bank – the sum of all coins, currency and other unrestricted liquid funds placed on deposit – was £54.8 million at the year end, up from £47.3 million.
Excluding the Cook impact, its cash at bank would have been £62 million.
