StockMarketWire.com - Alternative broadband provider Bigblu Broadband reported deeper losses in the first half of the year as pandemic-led disruptions weighed on revenue.

For the six months ended 31 May 2020, pre-tax losses widened to £6.8m from £397K on-year as revenue slipped to £25.8m from £30.5m.

As previously announced, the company said its results in the period were also impacted by widely fluctuating foreign exchange rates, and some slippage in new satellite capacity coming on-line from suppliers due to COVID-19.

It also experienced some installation delays, which led to an increase in in-flight sales (the period between a new contract being signed and the installation being completed) at the period end.


At 8:05am: [LON:BBB] BigBlu Broadband PLC share price was -0.1p at 98.4p



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