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Investegate | Company News | Corporate, London Stock Exchange, Regulatory News Headlines The City Pub swings to annual loss, but sees encouraging performance since easing of Covid restric

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The City Pub swings to annual loss, but sees encouraging performance since easing of Covid restrictions | 11 May 2021

Share price 11 May 2021 | 08:36am StockMarketWire.com - The City Pub swing to an annual loss owing to the pandemic impact, but said it said it had seen encouraging performance since reopening of outdoor seating amid easing Covid-19 restrictions. For the 52 weeks ended 27 December 2020, pre-tax losses were £7.6 million compared with a profit of £2.2 million year-on-year as revenue fell 57% to £25.8 million. Looking ahead, the company said its on track to open 45 sites on 17 May, when the indoor hospitality is set to return, with a significant number of bookings taken. The early signs since we have been allowed to trade outdoors have been very heartening, the company said.

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