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Ten Entertainment Group reports £12.2m loss in 2020 due to pandemic | 9 April 2021

9 April 2021 | 09:34am
StockMarketWire.com - Ten Entertainment Group, which operates 46 family entertainment centres across the UK, reported a £12.2 million loss after tax due to significant disruption resulting from the pandemic.
However, the company said its robust response to Covid-19 protects a strong underlying business well placed to return to growth .
The business was fully closed for 49% of the year and severely disrupted for a further 30% of the time, which pulled sales down by 56.9% in the year. The £47.9m reduction in sales resulted in a £21.3m reduction in profit after tax on an IAS 17 basis.
The principal focus for the year was cash management and liquidity conservation. The group made an equity placing of 3,250,000 ordinary shares, 5% of the issued share capital, which raised £5 million. ....

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Investegate | Company News | Corporate, London Stock Exchange, Regulatory News Headlines Ten Entertainment Group reports £12.2m loss in 2020 due to pandemic

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