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Investegate |Worsley Investors Ld Announcements | Worsley Investors Ld: Result of AGM
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Investegate |Worsley Investors Ld Announcements | Worsley Investors Ld: Annual Report for the period ended 31 March 2021
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TRADING UPDATES: Hostelworld dives to loss; Centaur reinstates payout
Wed, 17th Mar 2021 12:30
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:
Hostelworld Group PLC - online booking platform focused on the hostel market - Revenue for 2020 crashes to EUR15.4 million from EUR80.7 million and firm swings to massive pretax loss of EUR50.5 million from 2019 s profit of GBP3.0 million. Takes impairment of EUR15.0 million on its intangible assets associated with Hostelbookers and Hostelworld.com. Full year net booking volumes declined by 79%. Says 2020 was an extremely challenging year for both the company and global travel industry in light of the pandemic. While the near-term outlook for the travel industry remains challenging and highly uncertain, we continue to expect the pace of recovery to be driven by changes in travel guidance in individual markets, which we hope to see accel