15th Sep 2020 14:22
Filta Group Holdings PLC - commercial kitchen cleaning services provider - Revenue for six months to June 30 dives to GBP8.3 million from GBP12.2 million, substantially impacted by Covid-19 lockdowns and social distancing restrictions. Swings to pretax loss of GBP782,373 from GBP473,593 profit. Strong first quarter followed by reduction in trading due to Covid-19 lockdown and then good month on month growth in May, June, and July. Dividend suspended until visibility of the pace and scale of market recovery has improved. Not possible to accurately predict Covid-19 impact on financial performance. Cash balance of GBP3.2 million versus GBP2.9 million at December 31, up 11% on strong cash management. Net debt down 9% to GBP1.9 million.
Current stock price: 96.05 pence
Year-to-date change: down 43%
By Tapan Panchal; [email protected]
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