Mitchells & Butlers made a loss before tax of £200m in the half year to 10 April, with only 14 weeks of restricted trading permitted during the period.

With trading dominated by lockdown, M&B posted a like-for-like sales decrease of 30.1% against pre Covid-19 levels.

Revenue fell 78% to £219m, from £1,039m in the half year 2020.

During the period, M&B strengthened its balance sheet through a successful £351m equity raise and refinanced debt arrangements.

The company said it was confident of emerging in a position of strength as restrictions are eased, with almost all sites now open, trading indoors and outdoors.

Phil Urban, chief executive, said: “M&B was a high performing business coming into the pandemic. With the support of our main stakeholders, we are now well placed to emerge in a strong competitive position and look forward to the removal of remaining trading restrictions in June such that the business is able to return again to full and sustainable profitability.

“With our great estate, well diversified portfolio of brands and proven management team, we look forward to welcoming back our guests for great experiences in Covid-19 secure environments and focusing the business once again on continually enhancing our customer proposition while driving efficiencies through the Ignite programme.”