Caterer Do & Co posts first annual loss due to coronavirus crisis
16/06/2020 08:37
VIENNA, June 16 (Reuters) - Austrian catering group Do & Co
DOCO.VI reported its first annual loss on Tuesday due to
slumping demand amid the coronavirus pandemic and start-up costs
related to its British Airways ICAG.L and Iberia services.
Do & Co, which is specialised in airline and event catering
and also operates restaurants, said it had initiated a
group-wide restructuring in response to the coronavirus crisis
and decided not to propose a dividend for its 2019/20 business
year.
The group posted a net loss of 15.6 million euros ($17.7
million) on 10% higher revenue of 935 million euros for the year
per end-March.
($1 = 0.8827 euros)
(Reporting by Kirsti Knolle
Editing by Michelle Martin)
((kirsti.knolle@thomsonreuters.com; +43 1 2530 1650 13;))