24th Sep 2020 14:27
Immedia Group PLC - Newbury, Berkshire-based multi-media content and digital solutions supplier - Posts pretax loss of GBP991,461 for 2019, widening significantly from GBP106,204 loss the year prior. Revenue down to GBP4.0 million from GBP4.7 million, with clients delaying investment and spending decisions due to Brexit-related uncertainty. Administrative expenses up at GBP3.0 million from GBP2.4 million. Expects earnings before interest, tax, depreciation, and amortisation for 2020, whilst loss making, to be substantially improved on the 2019 figure both as a result of the numerous measures taken to manage costs in the light of Covid-19 and the absence of one-off costs relating to the aborted transaction and bad debt provision.
Current stock price: 23.10 pence
Year-to-date change: down 13%
By Ife Taiwo; [email protected]
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