Event can­cel­la­tions push As­cen­tial to £78.3m loss

The Daily Telegraph - Business - - Business -

As­cen­tial swung to a £78.3m pre-tax loss for the first half of the year as many live events were can­celled due to the coro­n­avirus pan­demic. Turnover in the six months to June 30 was down 39pc on last year af­ter a £96.8m plunge in events rev­enues from can­cel­la­tions or de­fer­rals, which was par­tially off­set by a surge of in­ter­est for dig­i­tal prod­ucts.

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