15th Sep 2020 13:58
Bonhill Group PLC - London-based business-to-business media - Promotes Sarah Thompson to board and as chief financial officer with immediate effect. Thompson joined in May as director of finance. Reports 28% year-on-year fall in revenue for the six months to June 30 to GBP7.8 million. Pretax loss widens to GBP11.1 million from GBP2.4 million, as operating costs jump to GBP11.0 million from GBP2.2 million. Takes GBP6.6 million impairment charge due to Covid-19. Current trading ahead of the expectations, driven by strong monthly revenue and positive impact of cost savings. Cash balance GBP3.4 million at June 30, GBP1.9 million at August 31.
Current stock price: 7.16 pence
Year-to-date change: down 81%
By Tapan Panchal; [email protected]
Copyright 2020 Alliance News Limited. All Rights Reserved.
Related Shares:
BONH.L