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IN BRIEF: Barkby annual loss widens on rising costs, revenue drop

Wed, 31st Mar 2021 19:34

Barkby Group PLC - Abingdon, England-headquartered company with businesses in real estate, consumer & hospitality and life sciences - For the period ended July 2, 2020, pretax loss widens to GBP3.1 million from GBP683,000 the year ended March 2019, on rising administrative and financial costs, while revenue dips to GBP12.0 million from GBP12.3 million.

"2020 was a transformational year for Barkby following the combination of the Dickson controlled entities and Barkby Group. Barkby has weathered the Covid-19 pandemic, largely due to the success of our highly cash generative commercial property development business. As we come out of lockdown, we believe our pubs and coffee business are poised for significant growth and a return to profitability," says Executive Chair Charles Dickson.

Current stock price: 25.40 pence

Year-to-date change: up 15%

By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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