Mothercare UK losses deepen during ‘extraordinarily challenging’ period
Mothercare UK has reported widening losses in the first half of the financial year, starkly highlighting the issues which led to its being placed into administration in November.
For the 28-week period to October 12, 2019, Mothercare UK reported statutory group losses before taxation from continuing operations of £21.2m, deepening from £18.5m for the same period in the 2018/2019 financial year.
Adjusted international profit before taxation fell to £12.2m, while net debt spiralled to £24.5m, from just £6.9m on March 30, 2019.
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