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Savor posts wider half year loss, prepares for busy summer

The hospitality business fell victim to Covid-19 and rising costs but was trading well in recent months.

Savor Group purchased Amano at the beginning of the 2022 financial year.

The rippling economic effects of the Omicron outbreak and rising labour costs has dented Savor Group’s half year financial results.

The NZX-listed hospitality business posted a net loss of $2.1m for the six months ended September, compared with a $753,000 loss 12 months ago.

Underlying or EBITDA

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Nicholas Pointon Wed, 23 Nov 2022
Contact the Writer: nicholas@nbr.co.nz
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Savor posts wider half year loss, prepares for busy summer
Investment,
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