GYG PLC - London-based yacht maintenance company - Swings to a pretax loss of EUR460,000 for six months to June 30 from EUR62,000 profit a year ago. Revenue falls 12% to EUR29.1 million from EUR33.1 million due to Covid-19 related impact. Total order book increased to EUR53.8 million as of Tuesday from EUR43.6 million a year before. Advanced negotiations underway for new build contracts to commence in 2021 and 2022. Focused on driving further margin improvements and growth opportunities. Remains confident in meeting market expectations. Net debt of EUR10.9 million and cash of EUR 3.0 million at period end.
Current stock price: 73.50 pence
Year-to-date change: up 16%
By Tapan Panchal; tapanpanchal@alliancenews.com
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