Full Year 2020 Gtn Ltd Earnings Call Transcript
Good day, and welcome to the GTN Limited Fiscal Year 2020 Year-end Earnings Conference Call. Today's conference is being recorded. (Operator Instructions) Representing the company today are Bill Yde, Managing Director and Chief Executive Officer; and Scott Cody, Chief Financial Officer and Chief Operating Officer. Before I turn the call over to Bill, I would like to remind the listeners that this call is subject to the disclaimer and important information included in the company's year-end earnings presentation.
With that, I'll turn the call over to Bill Yde, Managing Director and Chief Executive Officer. Please go ahead.
Thank you. As we stated in our trading update in May, the COVID-19 pandemic has had a significant negative impact on the group's financial performance for fiscal 2020. Revenues have dropped 13% for the year. All of this decrease occurred in the fiscal fourth quarter, where revenue decreased 57% when compared to the fourth quarter of the previous year. This shock
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