The Group delivered like-for-like revenue growth in the first two months of H1/20A having rationalised the site portfolio, implemented cost out initiatives and achieved profitability in H2/19A. However, the outbreak of COVID-19 materially impacted Group operations, resulting in full site closure for several months. Testament to management's swift action and a strategic site sale the Group maintained a robust net cash position (£3.2m) and was debt free as of 28 June 2020.
30 Oct 2020
Cenkos: Tasty Plc -- Navigating COVID headwinds
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Cenkos: Tasty Plc -- Navigating COVID headwinds
Tasty plc (TAST:LON) | 1.2 0 0.0% | Mkt Cap: 1.88m
- Published:
30 Oct 2020 -
Author:
Cavendish Research -
Pages:
6
The Group delivered like-for-like revenue growth in the first two months of H1/20A having rationalised the site portfolio, implemented cost out initiatives and achieved profitability in H2/19A. However, the outbreak of COVID-19 materially impacted Group operations, resulting in full site closure for several months. Testament to management's swift action and a strategic site sale the Group maintained a robust net cash position (£3.2m) and was debt free as of 28 June 2020.