25 May 2021 | 09:13am
StockMarketWire.com - CEPS, an investor in startups, reported narrower annual losses as cost cuts offset a pandemic-led fall in revenue.
For the year ended 31 December 2020, pre-tax losses narrowed to £645,000 from £2.3 million, while revenue fell to £14.0 million from £21.8 year-on-year.
The results of Aford Awards, Friedman s and Milano International segments, which all operate in the leisure sector, results were decimated by the effects of the pandemic, the company said.
Looking ahead, the company said it expected a gradual but definite return to a version of normal over the balance of 2021.
At 9:13am: [LON:CEPS] CEPS PLC share price was 0p at 22.5p