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IN BRIEF: Grafenia To Miss Christmas Run-Up Boost Due To Virus

Tue, 22nd Sep 2020 19:30

Grafenia PLC - Manchester-based printing business - Says trading yet to return to historic levels. August sales around 70% of same period a year earlier. Notes September is usually boosted by events in run-up to Christmas, but social distancing measures put these in doubt. "Whilst September is so far performing better than August, we still expect it to end around 70% to 75% of last year," Grafenia said. To implement restructuring, saving GBP900,000 in annualised costs.

Current stock price: 4.90 pence

Year-to-date change: down 48%

By Eric Cunha; ericcunha@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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