14th Dec 2020 13:52
Hollywood Bowl Group PLC - ten-pin bowling operator - Says pretax profit for financial year ended September 30 down sharply to GBP1.2 million from GBP27.6 million the year prior. This is on a 39% revenue plunge to GBP79.5 million from GBP129.9 million. Says performance a result of closures amid the Covid-19 pandemic, with the company seeing only five months of normal trading conditions in the year.
Did not declare dividend following the suspension of payouts as previously announced in order to preserve liquidity amid Covid-19-related uncertainty. For comparison, total dividend for financial 2019 was 11.93 pence.
Looking ahead, Chief Executive Stephen Burns says: "We remain confident in the continued strength of demand and we are optimistic for a gradual return to more recognisable market conditions in 2021."
Current stock price: 190.00
Year-to-date change: down 33%
By Ife Taiwo; [email protected]
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