The Works upgrades outlook as first half losses narrow

The Works Rustington

The Works has upgraded its EBITDA outlook for the 2022 financial year, after reporting narrowing losses in the first half of the year.

For the 26 weeks to October 31, 2021, the value retailer which sells books, stationery, arts, crafts and toys, reported a loss before tax of £1m, down from £4.3m for the same period in 2021, and a 30.6% increase in revenues to £116.1m.

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