Yu Group: grim reading and very challenging outlook
Full year results for the year to 31 December 2019 from business utility supplier Yü Group PLC (LON; YU.), make for grim reading and the short term outlook is clearly very challenging.
While revenue increased 38% £111.6m, the group still incurred a pre-tax loss of £5.9m, although this was an improvement on the prior year’s £9.6m.
Contracted revenue for 2020 of £79.5m at the period end offers some reassurance, but…
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