6th Aug 2020 17:14
Vitec Group PLC - Photography & video products maker - For the six months to the end of June, swings to pretax loss of GBP13.8 million from a profit of GBP18.9 million the year before. This was on revenue that declined by 35% year-on-year to GBP118.9 million from GBP184.2 million, due to the significant impact of Covid-19 starting from March, and its effect on television productions, sporting events and the closing of retail outlets. On a constant currency basis, revenue down by 37%. Declares no interim dividend due to current circumstances. Expects trading conditions to improve in the future.
Current stock price: 650.00 pence
Year-to-date change: down 41%
By Dayo Laniyan; [email protected]
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