Express Catering Ltd (ECL) has released their May 2020 (YE) numbers. Here are the highlights.
All figures are in US$
Year To Date (2020YE)
- Revenue of $14.00m. Declining by -19.14% or -3.32m YTD YoY.
- Net Income (Profit) was $1.56m. Down by -58.08% or -2.17m YTD YoY.
Apart from from the reduction on the top-line due to Covid, the company also faced increased Finance costs (US$950k interest on leases due to adoption of a new accounting standard)
- Cash Flow From Operating Activities totaled $2.94m. Decreasing by -61.15% or -4.64m YTD YoY.
Fell due to the drastic reduction in profits ($2.2m), and a $2m increase in amounts owing to related companies
This is just a summary. For more charts, ratios and other details visit ECL’s page here