Naked Wines Plc (LON: WINE) has released its results for the 26 weeks period ending 28 September 2020.
- The company’s revenues for the reported period surged by 80 per cent £157.1 million as compared to H1 FY20.
- The company reported that despite the higher investment, its Adjusted EBIT loss improved by £1.3 million to of £3.2 million.
- However, driven by a non-cash write down, the loss before tax increased by £2.7 million to £8.9 million as compared to H1 FY20.
- On 19 November 2020, the stocks of the company surged by 7.62% from its previous closing, hovering at around GBX 537.00 at 08:15 AM GMT+1.