24th Sep 2020 13:37
Portmeirion Group PLC - homewares manufacturer based in Staffordshire, England - Swings to pretax loss of GBP2.9 million for six months to June 30 from GBP130,000 profit a year ago. Loss attributed to Covid-19, restructuring and share issue costs. Revenue down 8.3% to GBP32.0 million from GBP34.9 million. Net cash balance of GBP1.1 million. Anticipates returning to profitability in the second half of 2020. Continuing to see improvement in trading conditions. Expects to resume dividends in 2021 assuming a sustained return to normalised trading.
Current stock price: 375.00 pence
Year-to-date change: down 53%
By Tapan Panchal; [email protected]
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