Shares in travel company All Leisure Group have dropped nearly 50 percent this morning, after final year results were impacted by a decline in passenger numbers and the temporary loss of two cruise ships.
The Group made an overall Profit after Taxation of £0.5m, compared to a loss of £7.5m in the prior year. However, revenue was lower due to dry-dock periods for the Voyager and Minerva vessels, as well as a 6 percent decline in passengers due to the impact of geo-political unrest in the Middle East.
Commenting on the results, Chairman Roger Allard said:
“The board is actively considering delisting from the AIM market. It is mindful of the on-going costs of remaining as a publicly quoted company and the limited current and potential benefits available to the company. A further announcement will be made in due course.”
All Leisure Group (LON:ALLG) are currently trading down 43.18 percent at 3.125 (0948GMT).
15/02/2016
