Group’s losses reach £118.6m as revenues drop by 34.1% YoY
- Matalan’s FY21 losses widen to £118m
- Revenues decline 34.1% YoY to £744m
- Losses increase from £16.7m in the previous year
Missouri Topco, the owner of Matalan, reported a significant increase in losses for the fiscal year ending February 27, 2021, reaching £118.6 million, up from £16.7 million in the previous year. This comes as the company’s revenues declined by 34.1% year-on-year to £744 million.
Factuality Level: 9
Factuality Justification: The article provides accurate and relevant information about Missouri Topco’s financial losses for a specific period of time, without any apparent digressions or misleading statements.
Noise Level: 4
Noise Justification: The article provides financial information about a specific company’s performance over a certain period but lacks context or analysis of broader trends or implications for the industry or economy.
Financial Relevance: Yes
Financial Markets Impacted: Matalan
Financial Rating Justification: The article discusses the financial performance of Missouri Topco, the owner of Matalan, and its increased losses, which could impact the company’s stock price and overall financial health. This is relevant to financial topics as it pertains to a company’s financial performance.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no mention of an extreme event in the text.
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