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Paragon Entertainment warns of annual loss

Tuesday, 18th December 2018
Attractions design and fit-out business Paragon Entertainment warned it now expected to post a full-year loss, blaming costs related to management changes and legacy projects.

Full-year 2018 revenue was now forecast to be between £9.5m and £9.8m, Ebitda was expected to be a loss of £2.1m and the net loss was forecast at £2.4m.

'In the absence of these one-offs, the forecast for the second half of 2018 would have shown a modest positive Ebitda, which underpins the board's confidence that the turnaround of the underlying business is progressing well,' Paragaon said.

At 3:07pm: (LON:PEL) Paragon Entertainment share price was -0.15p at 1.35p

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