hostmore plc shares fell wednesday after the company said its firsthalf pretax loss widened despite a significant increase in revenue largely from increased administrative costs and impairments shares at 0746 gmt were down 205 pence or 87 at 2155 pence the hospitality group said pretax loss for the 26 weeks ended july 3 widened to 171 million pounds 195 million from gbp112 million a year prior cost of sales increased to gbp223 million from gbp77 million while underlying administrative expenses increased 36 to gbp702 million the company also posted a oneoff impairment charge of gbp178 million for property plant and equipment and right of use assets revenue rose to gbp985 million from gbp399 million a year prior but remained down 7 compared with the same period prepandemic hostmore added that the hit from unhedged current utilities prices is expected to have a negative effect on its fiscal 2023 earnings before interest taxes depreciation and amortization likeforlike revenue in the first 10 weeks of the second half is 14 lower than the comparable prepandemic period on weak consumer demand and in the absence of government energy support measures secondhalf revenue is expected to be down 11 compared with the same period in fiscal 2019