BigDish PLC - Jersey-based technology platform for restaurants - Reports pretax loss of GBP426,142 in the six months ended September 30, narrowed from GBP1.1 million the prior year. Has no income during the six-month period compared to GBP11,766 in 2019, when it also took a GBP396,277 impairment loss. No dividends were paid for either period. Recent short-term funding of GBP540,000, of which BigDish received GBP200,000 after the period-end, will be "more than adequate" to stretch its funding runway beyond the end of the second quarter of 2020.
"The restaurant sector has experienced significant disruption from Covid-19. This has impacted the company's business, and the company continues to monitor the impact of Covid-19 on an ongoing basis," BigDish says, adding it is diversifying its business to mitigate against these risks.
Current stock price: 1.10 pence, down 4.4% on Friday
Year-to-date change: up 18%
By Zoe Wickens; zoewickens@alliancenews.com
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