Pennant announces Interim Results for the six months ended 30 June 2020.
Commenting on the results, Chairman Simon Moore said:
“The First Half was challenging, with Covid-19 having a significant impact on revenues across the Group, resulting in an operating loss being recorded at the end of the Period.
However, cash generated from operations was strong amounting to £3.8 million and the Group also secured increased borrowing facilities totalling £4m (undrawn at Period end).
Having navigated this exceptional period, material improvements in performance are anticipated in the second half as revenues across the Group improve.”
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