Filta swings to loss as pandemic-impact dents demand

Tue, 20th Apr 2021

Kitchen services provider Filta swung to an annual loss as revenue fell sharply owning to the pandemic-fuelled drop in demand. For 2020, pre-tax losses were £0.9 million from a profit of £0.9 million last year and revenue fell to £16.4 million from £24.9 million. 'We experienced significant disruption in our two biggest geographical markets of the UK and North America with turnover down 38% and 31% respectively,' the company said. The company said it was 'not recommending the payment of a final dividend as it considers it prudent to continue to conserve cash until the trading recovery has gathered more momentum.' At 10:04am: (LON:FLTA) Filta Group Holdings Plc share price was 0p at 95.5p Story provided by StockMarketWire.com

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