“Severity of Covid-19” knocks Matalan revenue by 72%

// Matalan revenue drops by colossal 72% as Covid-19 impacts trading
// Matalan ended the quarter with cash of £40.9m, compared with £71.2m the previous yearMatalan has seen its revenue plunge by over 70 per cent, confirming the “severity” of the impact of Covid-19 on trading.
For the 13 weeks to May 30, revenue dropped by 72 per cent to £75.3 million, compared with the same period the previous year.
EBITDA made a loss of £10.2 million in the quarter, after th