Tasty PLC (LON:TAST) tanked as it warned it is “impossible” to mitigate all risks of the coronavirus outbreak in the UK.
The restaurateur said there will be pressure on costs as well as a reduction in staff and availability of certain food items.
READ: Tasty to sell London restaurant for £2mln
The AIM-listed firm said both of its brands, food dim t and Wildwood, “will remain relevant” and will reap benefits once consumer confidence picks up.
“Despite the challenging and uncertain trading environment we hope 2020 will be a year in which trading will continue to improve,” the firm said.
In the year to 29 December, revenue dropped 6% to £44mln due to closure of sites, while loss before tax narrowed by 97% to £266,000.
The board did not propose a dividend, same as in 2018.
Shares slumped 27% to 2p on Tuesday morning.