14th Oct 2020 13:47
Walker Greenbank PLC - Buckinghamshire-based interior furnishings firm - Swings to a pretax loss for the six months to July 31 of GBP907,000 from a profit of GBP3.5 million a year before. Revenue was down to GBP38.8 million from GBP55.9 million a year prior. Puts losses down to the impact of Covid-19. Does not propose an interim dividend, down from 0.52 pence a year before, but remains committed to future dividend payments when conditions allow it.
Non-Executive Chair Dianne Thompson said: "The first half results reflect both the impact of Covid-19 on the business and its end markets as well as the exceptional commitment and adaptability of all our colleagues at the company, for which I thank them.
"At the start of our key autumn selling period, we remain cautious on the outlook for the months ahead. The board believes that the actions taken by the leadership team have given the business a strong foundation on which to withstand the impact of Covid-19 and to build for future growth."
Current stock price: 62.00 pence
Year-to-date change: down 28%
By Greg Roxburgh; [email protected]
Copyright 2020 Alliance News Limited. All Rights Reserved.