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TRADING UPDATES: Hostelworld dives to loss; Centaur reinstates payout


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 ....

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Centaur Media narrows losses on lower costs; resumes dividend | 17 March 2021


17 March 2021 | 09:18am
StockMarketWire.com - Centaur Media resumed its dividend after reporting narrowed losses as lower operating expenses offset a fall in revenue.
For the year ended 31 December 2020, pre-tax losses narrowed to £2.6 million from £8.1 million year-on-year while revenue fell 18% to £32.4 million.
The company recorded an £11 million writedown relating to the closure of its marketmakers business.
Operating expenses fell to £34.7 million from £49.0 million.
Centaur resumed its dividend and proposed a final dividend of 0.5p per share for the 2020 financial year.
Trading for the first two months of 2021 is in line with the board s expectations and cash at the end of February 2021 was £8.2m, the company said. ....

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Investegate | Company News | Corporate, London Stock Exchange, Regulatory News Headlines Centaur Media narrows losses on lower costs; resumes dividend


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