2020 was a challenging year across the globe, with Covid-19 impacting innumerable economies, industries, livelihoods and lives.
Pennant was certainly not immune to the pandemic s effects and in the Group s Interim Results statement published last September, I reported that the first half of the year had been challenging, with Covid-19 having a significant impact on revenues across the Group which resulted in an underlying EBITA loss of
£2.0m for the period.
However, I am pleased to report that, as anticipated, the Group s performance materially improved in the second half, to produce an underlying EBITA profit of
£1.0m for the six months ended