Business
Interim Results - 6 months ended 30 June 2021
Interim Results - 6 months ended 30 June 2021.
About this update from Spaceandpeople Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 9853M\n SpaceandPeople PLC\n 27 September 2021\n \n \n \n \n The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 (\"MAR\"). Upon the publication of this announcement via Regulatory Information Service (\"RIS\"), this inside information is now considered to be in the public domain.\n \n \n 27 September 2021\n \n \n \n \n \n SpaceandPeople plc\n \n \n (\"SpaceandPeople\" or the \"Group\")\n \n \n \n \n \n Interim results for the 6 months ended 30 June 2021\n \n \n \n \n \n SpaceandPeople (AIM:SAL), the retail, promotional and brand experience specialist which facilitates and manages the sale of promotional and retail merchandising space in shopping centres and other high footfall venues, announces interim results for the six months ended 30 June 2021.\n \n \n \n \n \n \n \n \n \n \n \n \n Highlights\n \n \n Financial\n \n \n o \n Consolidated net revenue up 2.5% to £1.10m (H1 2020: £1.08m) as venues remained closed for a large part of H1 2021.\n \n \n \n \n \n o \n Group loss before taxation of £0.27m (H1 2020: loss of £2.13m).\n \n \n \n \n \n o \n Net cash outflow from operating activities of £0.13m (H1 2020: outflow £0.34m).\n \n \n \n \n \n o \n Facility headroom at 30 June 2021 of £1.51m (June 2020: £2.23m) and £1.35m at 23 September 2021 (September 2020: £1.58m).\n \n \n \n \n \n o \n Basic loss per share of 0.7p (H1 2020: loss per share 8.3p).\n \n \n \n \n \n \n \n \n Operational\n \n \n \n \n \n o \n Business again effectively ceased for most of the first half of the year with venues reopening during April and May in the UK and June in Germany.\n \n \n \n \n \n o \n Good signs of recovery in UK promotional revenue in the UK driven by kiosk retail bookings.\n \n \n \n \n \n o \n Agreement of multi-year extension to the retail agreement with ECE in Germany, tailored to maximise the opportunities arising from the re-opening of non-essential retail.\n \n \n \n \n \n o \n Portfolio of venues is significantly larger than pre-pandemic and the resulting opportunities as business recovers are positive.\n \n \n \n \n \n o \n S...