{"id":149366,"date":"2020-05-12T09:10:37","date_gmt":"2020-05-12T09:10:37","guid":{"rendered":"https:\/\/www.bnreport.com\/focusrite-defers-interim-dividend-amid-pandemic-uncertainty\/"},"modified":"2020-05-12T09:10:37","modified_gmt":"2020-05-12T09:10:37","slug":"focusrite-defers-interim-dividend-amid-pandemic-uncertainty","status":"publish","type":"post","link":"https:\/\/www.bnreport.com\/en\/focusrite-defers-interim-dividend-amid-pandemic-uncertainty\/","title":{"rendered":"Focusrite defers interim dividend amid pandemic uncertainty"},"content":{"rendered":"

Focusrite plc<\/a> (LON:TUNE<\/a>) has deferred its interim dividend amid uncertainty caused by the coronavirus pandemic despite what it said was \u201chigh demand\u201d for its music and audio products.<\/p>\n

In its results for the six months ended 29 February, the AIM-listed firm reported an adjusted operating profit of \u00a36.4mln, down from \u00a37.3mln a year ago, despite revenues rising to \u00a349.9mln from \u00a340.4mln.<\/p>\n

The company said its integration of ADAM Audio, which it acquired in July 2019, was \u201cprogressing well\u201d and contributing to both revenue and profit growth, adding that consumer demand had \u201cremained strong\u201d across its Focusrite and Novation ranges although revenue was down slightly like-for-like in the period due to the initial impact of the coronavirus outbreak in China.<\/p>\n

Despite the disruption caused by the outbreak, Focusrite chief executive Tim Carroll said as a result of \u201cagile management of the situation\u201d, the impact of the companys supply chain issues amounted only to around \u00a32mln of revenue in February.<\/p>\n

\u201cSince the half year, consumer demand for Focusrite and ADAM Audio products has been high especially via ecommerce and we have seen record levels of product Read More \u2013 Source<\/a>
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Proactiveinvestors<\/a><\/h5>\n

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Focusrite plc (LON:TUNE) has deferred its interim dividend amid uncertainty caused by the coronaviru..<\/p>\n","protected":false},"author":1,"featured_media":149367,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[46],"tags":[],"class_list":["post-149366","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-politics"],"yoast_head":"\nFocusrite defers interim dividend amid pandemic uncertainty - Business News Report<\/title>\n<meta name=\"description\" content=\"Focusrite plc (LON:TUNE) has deferred its interim dividend amid uncertainty caused by the coronaviru..\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bnreport.com\/en\/focusrite-defers-interim-dividend-amid-pandemic-uncertainty\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Focusrite defers interim dividend amid pandemic uncertainty - 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