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Perform initiates plan to reduce costs as 2013 profit slumps

4th March 2014 11:18 am GMT

Shares in digital sports content provider Perform Group soared by more than 15 per cent in London this morning as the company unveiled plans and initiatives to address its rising cost base and deliver on its “significant” potential during 2014.

Perform said that its financial performance in 2013 was “disappointing” and below expectations, with profit for the period falling 66 per cent year-on-year to £4.6m.

“Notwithstanding strong growth in revenues our financial performance in 2013 was disappointing,” [...]

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