UK's Brand Architekts Group plunges on wider loss, lower revenue

FY

08/11/2022 11:16

** Shares of British beauty brand Brand Architekts Group
 BARB.L  drop as much as 23.3% to 24.17p 
    ** Stock will log its worst day since March 2022, if losses
hold 
    ** Co's FY Group statutory revenue falls 10% to 14.3 mln
pounds ($16.40 million)
    ** FY underlying operating loss widens to 1.8 mln pounds
from 300,000 pounds last year 
    ** BARB says results affected by fall in consumer confidence
and supply chain issues
    ** Stock down ~74% YTD, as of last close 
($1 = 0.8721 pounds)
 (Reporting by Prerna Bedi in Bengaluru)
 ((Prerna.Bedi@thomsonreuters.com;))