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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Comptoir Group Plc | LSE:COM | London | Ordinary Share | GB00BYT1L205 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.25 | -4.55% | 5.25 | 5.00 | 5.50 | 5.50 | 5.25 | 5.50 | 248 | 08:20:34 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Eating Places | 31.05M | 588k | 0.0048 | 10.94 | 6.75M |
TIDMCOM
RNS Number : 8037G
Comptoir Group PLC
19 March 2020
19 March 2020
Comptoir Group Plc
("Comptoir", the "Group" or the "Company")
COVID-19 Update
Comptoir Group Plc (AIM: COM), the owner and/or operator of Lebanese and Eastern Mediterranean restaurants, today provides a trading update.
Trading in January and February was in line with the board's expectations. Trading over recent days has however been increasingly significantly impacted by COVID-19. Following continual guidance provided by the UK government and the Prime Minister's announcement this week repeating the advice to avoid unnecessary gatherings, including restaurants, the board of Comptoir has taken the decision to close its restaurants with immediate effect until further notice. The health of our staff and our customers is the board's highest priority.
It is difficult to accurately assess the extent to which COVID-19 could impact our trading and financial performance at this time, however we expect a material reduction in our financial expectations for 2020. The Company is taking all appropriate actions to reduce the impact on the Group, including a reduction in employee costs across head office and at site level and reduction in other variable costs where possible.
As of 18 March 2020, the Company had net cash at bank of GBP6.0 million. The directors have always adopted a prudent approach to cash management and believe this will stand the Company in a good position as it enters this period of uncertainty.
The Company intends to release its financial results for the year ended 31 December 2019 in April 2020.
For further information, please contact: Comptoir Group plc Chaker Hanna, CEO Tel: +44 (0)20 7486 1111 Mark Carrick, CFO Tel: +44 (0)20 7317 0409 Canaccord Genuity Limited (NOMAD and Tel: +44 (0)20 7523 8000 Broker) Bobbie Hilliam Georgina McCooke
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
TSTSFUFFUESSEED
(END) Dow Jones Newswires
March 19, 2020 07:31 ET (11:31 GMT)
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