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IN BRIEF: Crippling Impairment Means Victoria Swings To Annual Loss

29th Jul 2020 14:49

Victoria PLC - Worcestershire-based floorings firm - Revenue in year ended March 28 up 9.7% to GBP621.5 million from GBP566.8 million but pretax loss widens to GBP64.0 million from GBP3.7 million. Reports GBP50.0 million goodwill impairment, versus none last year. Notes first quarter revenue currently at 64% of pre-Covid-19 budget, helped by strong recovery in June.

Current stock price: 276.00 pence

Year-to-date change: down 36%

By Eric Cunha; [email protected]

Copyright 2020 Alliance News Limited. All Rights Reserved.


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