26th Oct 2018 09:10
LONDON (Alliance News) - Butcher Crawshaw Group PLC on Friday said it may raise additional funding through an equity raise to restore growth and profitability.
Shares in the company were trading down 17% at 1.99 pence each on Friday morning.
The company also added it is considering a number of "remedial actions" to address the key issues it identified after concluding a review of the business, including an analysis of its high street presence.
Crawshaw made the comments in response to recent media reports.
For the six months to July 29, the butcher posted revenue of GBP21.6 million and a pretax loss of GBP1.7 million, wider from a GBP1.2 million loss the year before.