Plus   Neg

Howden Joinery H1 Group Revenue Down 28.7% - Quick Facts

Howden Joinery Group Plc (HWDN.L) reported first half group revenue of £465.0 million, down 28.7% compared to £652.6 million generated last year, significantly impacted by the COVID-19 pandemic.

Loss before tax was £14.2 million versus a profit of £78.1 million in the same period of last year. Basic loss per share totaled 1.8p versus a profit of 10.3p last year.

Chief Executive, Andrew Livingston, said, "Howdens performance in the first half of 2020 was materially impacted by COVID-19, with sales for the period being significantly lower than last year. The shortfall in sales all occurred in the second quarter, which coincided with the start of lockdown in the UK, and led to us making an overall loss of £14m in the first half..."

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Australia's Westpac Group (WBC.AX, WBK) agreed to pay A$1.3 billion to settle the civil proceedings over money laundering and child exploitation allegations brought by financial crimes regulator AUSTRAC. Amazon's much-awaited Prime Day shopping event will take place in mid-October, according to multiple reports. The annual sale event will reportedly kick off in the U.S. on Tuesday, October 13. Amazon Prime Day, the company's biggest, global shopping event of the year, is usually held in the U.S. in mid-July. However, the e-commerce giant confirmed in July that it is delaying this year's event. Walmart Foundation, Cargill and McDonald's said they will invest more than $6 million in a million-acre grazing initiative to help restore grasslands and address the issue of climate change. The initiative, led by the World Bank, aims to make lasting improvements to the grasslands of the Northern Great Plains. The new program is known as the Ranch Systems and Viability Planning or RSVP network.
Follow RTT