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GYG profit slips on pandemic impact; gets new year off to 'positive' start

Mon, 26th Apr 2021

Superyacht service and supply group GYG reported a fall in profit the pandemic impact on disrupted activity. The company did, however, make a positive start to the year. For the year ended 31 December 2020, pre-tax profit fell by to €0.2 million from €0.8 million, while revenue decreased 7.7% to €58.9 million year-on-year. Looking ahead, the company said it had made a 'positive' start to the year with Q1 2021 revenue 21% ahead of same period in 2020 with improved margin performance despite ongoing disruptions. The current year order book increased 40.1% from 31 March 2020. At 9:08am: (LON:GYG) GYG Plc share price was 0p at 69.5p Story provided by StockMarketWire.com

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