6th Aug 2020 15:12
McColl's Retail Group PLC - Brentwood, Essex-based convenience shop and newsagent operator - Swings to pretax loss for the six months to May 24 of GBP1.3 million from GBP213,000 profit a year before, on a sharp rise in finance costs to GBP8.9 million from GBP4.1 million. Revenue down 1.0% to GBP604.8 million from GBP611.1 million. Covid-19 related costs broadly offset by cost control and business rates relief. Total like-for-like sales growth of 8.3% in first half, with growth accelerating in the second-quarter. Gross margin narrows to 24.9% from 25.4%. Difficult to predict the full impact and duration of the Covid-19 pandemic on sales and cost.
Current stock price: 36.57 pence
Year-to-date change: down 4.4%
By Tapan Panchal; [email protected]
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