IN BRIEF: Malvern half-year loss slims, looks to demand backlog

Malvern International PLC - Milton Keynes, England-based learning and skills development - Revenue for first half of 2021 broadly flat at GBP1.42 million compared to GBP1.37 million year-on-year while pretax loss narrows to GBP345,000 from GBP435,000. While revenue edges up, cost of sales nudges down to GBP1.57 million from GBP1.61 million. "There is a clear back-log of demand for all our education services and we expect a robust return once restrictions are eased and in-class teaching can resume. In the meantime we continue to strengthen our sales and marketing teams and ensure the quality of our education services remains high," says Chief Executive Richard Mace.

Current stock price: 0.235 pence, down 9.6% on Thursday

Year-to-date change: up 68%

By Lucy Heming; lucyheming@alliancenews.com

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Malvern Intl