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Upper Crust owner SSP expects 86% plunge in H2 sales on virus hit

Sept 23 (Reuters) - SSP, the owner of Upper Crust and Caffe Ritazza, said on Wednesday it expects overall sales in the second-half to be about 86% lower than last year, as the COVID-19 pandemic hit its food and drink outlets in airports and train stations.

The company expects the second-half revenue to be about 1.3 billion pounds ($1.65 billion) lower than last year and the operating loss to be in the middle of the 180 million pounds to 250 million pounds range.

$1 = 0.7885 pounds Reporting by Tanishaa Nadkar in Bengaluru; editing by Uttaresh.V

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