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The City Pub swings to annual loss, but sees 'encouraging' performance since easing of Covid restrictions
StockMarketWire.com
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The City Pub swing to an annual loss owing to the pandemic impact, but said it said it had seen 'encouraging' performance since reopening of outdoor seating amid easing Covid-19 restrictions.
For the 52 weeks ended 27 December 2020, pre-tax losses were £7.6 million compared with a profit of £2.2 million year-on-year as revenue fell 57% to £25.8 million.
Looking ahead, the company said its on track to open 45 sites on 17 May, when the indoor hospitality is set to return, with a 'significant' number of bookings taken.
'The early signs since we have been allowed to trade outdoors have been very heartening,' the company said.
At 8:36am: (LON:CPC) City Pub Group Plc share price was 0p at 95.5p
Story provided by StockMarketWire.com
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