TrendsWide
Contact US
  • Home
  • Trending
  • Health
  • Life Style
  • NBA
  • Reviews
No Result
View All Result
TrendsWide
  • Home
  • Trending
  • Health
  • Life Style
  • NBA
  • Reviews
No Result
View All Result
TrendsWide
No Result
View All Result
Home Economie

Card Factory concludes the fiscal first half with £22 million of pre-tax loss.

by souhaib
September 29, 2020
in Economie
0
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter
ADVERTISEMENT


You might also like

‘momentum is continuing into 2022’

Astra Space stock closed down 20% on Monday: here’s why

Ripple, Dogecoin, Litecoin price forecast for February 2022

  • Card Factory concludes the fiscal first half with £22 million of pre-tax loss.
  • The retailer’s revenue slides to £100.5 million in the fiscal first half.
  • Comparable sales were down 6.9% in the four weeks to September 20th.

Card Factory plc (LON: CARD) said on Tuesday that it concluded the first six months of the current fiscal year in loss. The company also highlighted that it was unlikely for it to pay dividends this year.

For the six months that concluded on 31st July, the chain of greeting cards and gift stores reported £22 million in pre-tax loss. In comparison, it had recorded £24.3 million of profit in the same period last year. In an earlier report published in June, Card Factory had revealed a threefold increase in online sales amidst the virus outbreak.


Are you looking for fast-news, hot-tips and market analysis?

Sign-up for the Invezz newsletter, today.

Card Factory reports £100.5 million of revenue in H1

In terms of revenue, the Wakefield-based company saw a decline to £100.5 million versus the year-ago figure of a much higher £195.6 million. Card Factory’s board did not declare an interim dividend in a bid to shore up finances amidst the COVID-19 crisis that has so far infected more than 400 thousand people in the United Kingdom and caused over 42 thousand deaths.

The British company expressed confidence that it will be able to reinstate dividend in the medium term. But payouts, it added, were unlikely in fiscal 2021. Card Factory also highlighted in its report on Tuesday that signs of recovery were evident in trading since the end of the fiscal first half.

Card Factory says comparable sales are 6.9% down

Like for like sales, as per the card and gift retailer, were 6.9% lower in the four weeks that concluded on 20th September versus the comparable period of last year. In separate news from the United Kingdom, Alfa Financial Software Holdings said on Tuesday that its earnings in the fiscal first half topped expectations as profit posted a close to 100% growth.

Shares of the company jumped more than 5% in premarket trading on Tuesday, but lost almost the entire gain in the next few hours. Card Factory is now exchanging hands at 36.90 pence per share. In comparison, it had a per-share price of a sharply higher 145 pence per share at the start of the year. Trading stocks online is easier than you think. Here’s how you can buy shares online in 2020.

The British company printed a year to date low of 29 pence per share in late May. At the time of writing, Card Factory is valued at £126 million and has a price to earnings ratio of 2.44.



Source link

Share this:

  • Twitter
  • Facebook
  • More
  • Pinterest
  • Telegram
  • Email
Share30Tweet19
Previous Post

Article Master Series :: 15000 No Restriction PLR Articles Pack

Next Post

Patek Philippe Complications Rose Gold 5230R-012 with Charcoal Gray Lacquered dial

souhaib

Recommended For You

‘momentum is continuing into 2022’

by souhaib
February 7, 2022
0

Shares of Chegg Inc (NYSE: CHGG) are up 10% in extended trading on Monday after the student services company said it performed better-than-expected in Q4, despite COVID-19 uncertainty....

Read more

Astra Space stock closed down 20% on Monday: here’s why

by souhaib
February 7, 2022
0

Read more

Ripple, Dogecoin, Litecoin price forecast for February 2022

by souhaib
February 7, 2022
0

The cryptocurrency market is advancing this Monday, and this situation also supports the price of Ripple XRP/USD, Dogecoin DOGE/USD, and Litecoin LTC/USD. Bitcoin is trading above the $44,000...

Read more

Analyst: ‘Apple would be forced into it if Amazon goes after Peloton’

by souhaib
February 7, 2022
0

Read more

Should I buy Uber shares in February 2022?

by souhaib
February 7, 2022
0

Uber Technologies, Inc. (NYSE: UBER) will announce fourth-quarter earnings results this Wednesday, February 09, after the market closes. Uber shares have weakened more than 10% since the beginning...

Read more
Next Post

Patek Philippe Complications Rose Gold 5230R-012 with Charcoal Gray Lacquered dial

No Result
View All Result

Recent Posts

  • The movement in defense of the right to abortion takes the cities of the USA after the decision of the Supreme Court | Society
  • NBA: The 10 players to watch in the 2022 NBA Draft
  • Following the Supreme Court ruling, can a woman who has an abortion go to jail? A lawyer explains it | Video
  • In the United States, abortion is no longer a federal right
  • Kendall Jenner and NBA boyfriend Devin Booker split after realizing ‘they were not moving forward’

Browse by Category

  • Australia
  • Automotive
  • Business
  • Celebrity
  • Cryptocurrency
  • Deals
  • Economie
  • Education
  • Euro
  • Forex
  • Gaming
  • Health
  • Life Style
  • NBA
  • News
  • Reviews
  • Sports
  • Switzerland
  • Trending
  • U.S.
  • Uncategorized

Categories

  • Australia
  • Automotive
  • Business
  • Celebrity
  • Cryptocurrency
  • Deals
  • Economie
  • Education
  • Euro
  • Forex
  • Gaming
  • Health
  • Life Style
  • NBA
  • News
  • Reviews
  • Sports
  • Switzerland
  • Trending
  • U.S.
  • Uncategorized

Pages

  • Contact US
  • Newsletter
  • Privacy Policy
  • Terms & Conditions

© 2021 - TrendsWide

No Result
View All Result
  • Home
  • Contact US
  • Privacy Policy
  • Trending
  • U.S.
  • Economie
  • Deals
  • Reviews
  • Cryptocurrency
  • Health
  • Life Style
  • NBA

© 2021 - TrendsWide