Good Announcement. Allays fears that the decline in revenue would not be worse that previously reported and confirms that there is no pressing debt issues.
The half year EBITA was 31m so a 14 to 19m EBITA for the second half means COF are still profitable.
I would imagine there will be a 3 to 4c final dividend. However, I would not be bothered if the focus is on reducing net debt.
I think it will trend upwards today, despite the market gloom.