7 October 2020 - interim results

In the six months ended 31 August 2020 adjusted profit before tax of £4.7m was achieved with no exceptional items.  Sales were £1.12bn despite 10 weeks of closed sales showrooms.  In the first quarter a loss of £14.3m was incurred due to the lockdown but a profit of £19.0m was generated in the second quarter versus £3.8m in the same period a year earlier.  Government support through the furlough scheme and business rates relief has been helpful.  Strong cash flow performance meant that operating cash flow of . . .

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