26th May 2023 10:40
Revolution Beauty Group PLC - beauty products retailer - Belated results show revenue of GBP184.6 million for the year ended on February 28, 2022, up 35% from GBP136.7 million the year before. Pretax loss, however, widens to GBP44.9 million from GBP17.8 million. Books an impairment of property, plant and equipment of GBP1.9 million, an impairment of goodwill of GBP13,000, as well as initial public offering related costs of GBP8.9 million during the year. Looking ahead, says that in the event of a covenant breach arising from share suspension, the firm would be "reliant on its lenders not requiring immediate repayment of the outstanding loan or obtaining alternative finance in order to continue to operate as a going concern". Read More