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Coronavirus impact: 23 Sept - profits soar for this lockdown beneficiary

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The work at home environment has been great news for a provider of software solutions for remote meetings covered here, but will it be a longer beneficiary of the current environment?


Equals: holding up

Interim results from Equals (LON:EQLS), the B2B focused e-banking and international payments group, saw transaction values and revenue hold up reasonably well. Unfortunately, adjusted EBITDA fell substantially with the Group falling to a statutory loss of £3.2m.

Post period end the international payments business and banking services have provided resilient with the major impact seen in travel focused product lines

An indication of the meaningful hit to business was the requirement to furlough 73…

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