Losses confirmed at listed music retailer

York-based musical instruments and equipment business Gear4Music has confirmed its pre-tax losses hit £609,000 during a "challenging" financial year. The listed retailer Gear4music, which last year made pre-tax profits of £1.5m, has today published its financial results for the 13 months ending 31 March 2019. While the firm's revenues hit £118m - a rise from £80m achieved in the previous year - it today said it had made pre-tax losses of £609,000. Its EBITDA – a measure of operational profitability – stood at £2.2... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
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