Chocolate maker and retailer Hotel Chocolat (LON:HOTC) managed to replace a large part of the loss in high street sales by online revenues. However, profit has been hit by higher costs.
The 2019-20 pre-tax profit is expected to be just over £2m, which is well down on the previous year’s figure of £14.1m. profit growth had been forecast earlier in 2020.
Second half revenues fell by 14% with the poor performance in the fourth quarter. Easter trading was hampered by the lockdown. When the sto...
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