4th Aug 2020 11:29
Brave Bison Group PLC - Social video company - Reports reduction in revenue to GBP5.5 million in the six months to the end of June from GBP10.1 million a year ago. Pretax loss widens to GBP1.4 million from GBP1.2 million as the company said it contended with the challenges of the Covid-19 pandemic. "Improved trading in June and July has meant that we now anticipate the group will breakeven in the second half of the year on an earnings before interest, tax, depreciation and amortization basis," said Executive Chair Oliver Green. Adjusted Ebitda was a loss of GBP400,000 in the first half versus GBP200,000 profit a year ago. "Positively, the pandemic has forced a number of advertisers to expedite their shift in spend away from traditional channels, such as TV, and towards digital and social advertising, a trend we are well placed to capitalise on," added Green.
Current stock price: 1.30 pence
Year-to-date change: up 2.4%
By Evelina Grecenko; [email protected]
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