Moss Bros swings to loss, first time since 2010/11

Moss Bros Group Plc in its preliminary results statement, covering the period from to January 26, 2019 said adjusted loss before tax was 0.4 million pounds (0.5 million dollars) compared to profit before tax of 6.7 million pounds restated in 2017/18. Statutory loss before tax was 4.2 million pounds (5.5 million dollars) compared to profit of 6.7 million pounds restated in the previous year. Moss Bros said, adjusted EBITDA reached 6.6 million pounds (8.7 million dollars) against EBITDA of 13.3 million pounds in 2017/18, impacted by lower retail store sales, weaker sterling and significant cost headwinds. Basic earnings per share were a loss of 3.83 pence.