Restore PLC - document management and business relocation - For the first half of 2020, swings to pretax loss of GBP3.1 million from a profit of GBP12.0 million, on revenue that declined by 16% to GBP89.5 million from GBP106.2 million, due to reduced activity levels as a result of Covid-19. However, company noted improved performance in May, June and July. Intends to restart dividend payouts in 20201 alongside continued recovery. Expects stronger second half underpinned by improved confidence in sales pipeline and project activity.
Current stock price: 360.00 pence
Year-to-date change: down 35%
By Dayo Laniyan; dayolaniyan@alliancenews.com
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Restore (RST)