French Connection swings to loss, revenues fall 11.4 percent

French Connection Group plc announced that though the first half of the financial year saw an improvement in underlying profitability, the second half of the year proved to be particularly challenging. The company said in a statement, underlying result for the full year to January 2020 was a loss of 2.9 million pounds (3.7 million dollars) compared to an underlying profit of 0.8 million pounds in the comparative period. The like-for-like underlying result for the year, is a loss of 4.5 million pounds (5.8 million dollars) and including adjusting items and discontinued operations, the Group reported a total loss for the year of 7.8 million pounds (10.1 million dollars).