On the Beach remains optimistic despite first-half loss | News

On the Beach recorded a first-half loss of £34 million in the six months to the end of March, compared to a profit of £12 million for the same period last year. The reversal in fortunes was pinned on the sharp slowdown in travel following the Covid-19 pandemic. Revenue slumped by two thirds over the period, to £21 million. The company did not declare an interim dividend. The bleak result included exceptional costs of £35 million, which the company said represented the estimated cost of Covid-19 to trading in the…

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