TalkTalk swings to loss and CFO steps down Published: Dec. 17, 2020 at 2:59 a.m. ET By Resize icon
TalkTalk Telecom Group PLC said Thursday that it swung to a pretax loss for the first half of fiscal 2021 as revenue was hit by the coronavirus pandemic and that Chief Financial Officer Kate Ferry will step down.
Pretax loss for the six months to Sept. 30 was 3 million pounds ($4.1 million) compared with a profit of GBP1 million for the same period last year, the U.K. telecommunications group said.
Headline earnings before interest, taxes, depreciation and amortization the company s preferred profit metric fell to GBP122 million for the first half from GBP140 million a year earlier.