2021 Preliminary Report
Positive trends offset by Covid-19 impact
• Covid-19 impact on trading was significant in all markets during the year and led to delays in the store development and opening program. • The acquisition of the fast-growing Triple Two Coffee business in June 2020 has added scale to the core UK market and placed CGF as the #4 Coffee focused chain in UK.
• Trading when outlets were fully open delivered higher revenue compared to prior years and industry comparisons.
• Total group revenue from continuing activities decreased 26.8% to $3.1 million.
• Net loss before tax from continuing operations was $3.6 million which was at the same level compared to the same period a year ago, reflecting the benefits of prior restructuring and reduction of costs against the reduction in revenue caused by Covid-19 lockdowns.