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CEPS losses narrow on lower costs
StockMarketWire.com
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CEPS, an investor in startups, reported narrower annual losses as cost cuts offset a pandemic-led fall in revenue.
For the year ended 31 December 2020, pre-tax losses narrowed to £645,000 from £2.3 million, while revenue fell to £14.0 million from £21.8 year-on-year.
The results of Aford Awards, Friedman's and Milano International segments, which all operate in the leisure sector, results were 'decimated by the effects of the pandemic,' the company said.
Looking ahead, the company said it expected a 'gradual but definite return to a version of "normal" over the balance of 2021.'
At 9:13am: (LON:CEPS) CEPS PLC share price was 0p at 22.5p
Story provided by StockMarketWire.com
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