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Filta swings to loss as pandemic-impact dents demand
StockMarketWire.com
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Kitchen services provider Filta swung to an annual loss as revenue fell sharply owning to the pandemic-fuelled drop in demand.
For 2020, pre-tax losses were £0.9 million from a profit of £0.9 million last year and revenue fell to £16.4 million from £24.9 million.
'We experienced significant disruption in our two biggest geographical markets of the UK and North America with turnover down 38% and 31% respectively,' the company said.
The company said it was 'not recommending the payment of a final dividend as it considers it prudent to continue to conserve cash until the trading recovery has gathered more momentum.'
At 10:04am: (LON:FLTA) Filta Group Holdings Plc share price was 0p at 95.5p
Story provided by StockMarketWire.com
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