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Totally PLC - healthcare services provider based in Derby - posted revenue for financial year ended March 31 of GBP105.9 million, up 36% from GBP78.0 million the year prior. However, pretax loss widened significantly to GBP3.4 million from GBP1.8 million. The widened loss was attributed to higher costs as administrative expenses rose to GBP15.1 million from GBP11.0 million. Exceptional costs relating to the acquisition and impairment of goodwill of GBP2.0 million was incurred. The company declared a final dividend of 0.25p per share, adding to the maiden interim dividend of the same amount paid in February.
Looking ahead, Chair Bob Holt said: "Whilst we expect the business to grow in 2021 and beyond, due to current run rates and new contract wins, the timing of new tenders remains uncertain due to the Covid-19 pandemic and its impact on the NHS. We are therefore unable to give firm guidance at this stage on our growth expectations for the current financial year and the board has considered it appropriate for market forecasts to be withdrawn at this time."
As at the end of March, Totally had cash of GBP8.9 million.
Current stock price: 89.00 pence
Year-to-date change: up 13%
By Ife Taiwo; ifetaiwo@alliancenews.com
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