19th Oct 2021 12:01
essensys PLC - London-based software and cloud services for flexible workspace industry - Swings to a pretax loss of GBP2.9 million for financial year to July 31 from a pretax profit of GBP346,000 the previous year. Prior to the pandemic, for the 2019 financial year, the company reported a GBP1.4 million pretax loss. Revenue drops to GBP22.0 million, down 2.2% from GBP22.5 million a year earlier but up 9.0% from GBP20.6 million two years previously. Declares no dividend for financial 2021, unchanged from financial 2020.
"Our strong platform for growth, combined with our pipeline of activity with current and new customers, gives us confidence of further progress in the year ahead, notwithstanding the uncertainty relating to Covid-19," says Chief Executive Mark Furness.
Current stock price: 269.00 pence
Year-to-date change: up 79%
By Scarlett Butler; [email protected]
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