Stobart Group reports GBP900,000 EBITDA loss for its aviation segment in H1FY2021

Stobart Group reported (04-Nov-2020) the following financial highlights for the six months ended 31-Aug-2020:

• Total revenue: GBP53.2 million, -28.9% year-on-year;
  • Aviation: GBP13.5 milllion, -48.9%;
    • Stobart Air and Propius: GBP5.2 million, -80.2%;
• EBITDA (loss): (GBP4.9 million), compared to a profit of GBP2.5 million in p-c-p;
  • Aviation: (GBP900,000), compared to a profit of GBP1.7 million in p-c-p;
    • Stobart Air and Propius: (GBP1.4 million), compared to a profit of GBP6.8 million in p-c-p;
• Operating profit (loss): GBP74.8 million, compared to a loss of GBP11.1 million in p-c-p;
• Net profit (loss): (GBP88.1 million), compared to a loss of GBP20.9 million in p-c-p;
• Total assets: GBP476.3 million;
  • Cash and cash equivalents: GBP10.1 million;
• Total liabilities: GBP373.1 million. [more - original PR]