IN BRIEF: Altitude Group Loss Widens But Confident In Long-Term Future
Mon, 25th Jan 2021 15:08
Altitude Group PLC - Sheffield-based firm operating a marketplace for personalised products - Reports a pretax loss of GBP601,000 for the six months ended September 30, a wider loss than the GBP427,000 pretax loss for the six months ended June 30, 2019. The company has moved its year-end date. Reports revenue of GBP4.4 million for the half-year ended September, up from revenue of GBP3.3 million for the six months ended June 2019. However, cost of sales rises to GBP1.9 million from GBP261,000, resulting in a lower GBP2.5 million gross profit compared to GBP3.0 million previously and subsequently a wider loss.