Brief: Selina Hospitality PLC Provides Business Update
27/06/2023 13:29
June 27 (Reuters) - Selina Hospitality PLC SLNA.O :
* SELINA HOSPITALITY PLC PROVIDES BUSINESS UPDATE
* SELINA HOSPITALITY PLC - SECURED AGREEMENTS FOR A
STRATEGIC
INVESTMENT TOTALING UP TO $50 MILLION LED BY AN AFFILIATE OF
GLOBAL UNIVERSITY SYSTEMS
* SELINA HOSPITALITY PLC - Q1 TOTAL REVENUE OF $54.2
MILLION, AN
INCREASE OF 31.6% COMPARED TO Q1 2022
* SELINA HOSPITALITY PLC - QTRLY LOSS PER SHARE $0.31
* SELINA HOSPITALITY PLC - IN Q2 2023, INITIATED A LABOR
RESTRUCTURING PLAN EXPECTED TO GENERATE ANNUALIZED PAYROLL
SAVINGS OF $5.8 MILLION
* SELINA HOSPITALITY PLC - LABOR RESTRUCTURING PLAN TO HAVE
A
ONE-TIME COST IMPACT OF APPROXIMATELY $1.0 MILLION
Source text for Eikon: ID:nBw67lL1Na
Further company coverage: SLNA.O
((Reuters.Briefs@thomsonreuters.com;))
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