30th Jul 2020 15:48
Airea PLC - West Yorkshire-based floor coverings manufacturer - For the first six months of 2020, revenue drops 20% to GBP7.1 million from GBP8.9 million the year before, leading to a pretax loss of GBP54,000, swinging from a profit of GBP945,000. Will not propose interim dividend due to primary aim of preserving cash. Looking ahead, demand is improving despite remaining lower than previous years, as the impact of Covid-19 continues.
Current stock price: 26.11 pence
Year-to-date change: down 42%
By Dayo Laniyan; [email protected]
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