(Alliance News) - Escape Hunt PLC on Thursday said trading has continued to be strong since the start of 2020 to up to the first two weeks of March but Covid-19 is likely to result in a decline or ceasing of income from franchise stores.
Trading in the period from the start of January to February's end was strong, Escape Hunt said, and sales in the first two weeks of March held up well with almost no impact from Covid-19.
Escape Hunt, which operates escape rooms, has paused new store openings due to the uncertainty created by the virus outbreak and is taking action to cut costs, ceasing all development expenditure and exploring every avenue to conserve cash.
As of March 17, the company had GBP1.8 million cash in the bank.
Shares in the company were trading 33% higher at 3.65 pence each in London on Thursday afternoon.
By Tapan Panchal; tapanpanchal@alliancenews.com
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