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Restore debt reduction ahead of target
StockMarketWire.com
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Restore's debt reduction is ahead of target, ending 2020 at £61.9 million and ahead of company guidance which was between £65 million and £69 million.
In the company's full year trading update, H2 profit increased over H1 in line with the board's expectations.
Substantial cost reduction actions were taken in 2020 including the consolidation of three operational sites and reduction of circa 250 jobs.
Restore will not be using the government's Job Retention Scheme in 2021.
At 2:38pm: (LON:RST) Restore PLC share price was 0p at 352.5p
Story provided by StockMarketWire.com
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