ScS profits rise as pent-up demand boosts sales
ScS has registered upticks in profits and sales as pent-up demand during the coronavirus crisis drove “record” first-half performance.
The furniture specialist recorded a pre-tax profit of £18m in the 26 weeks to January 23, compared with a £600,000 loss the previous year. Operating profit surged from £1.2m to £20m.
ScS received government support of £6.6m during the period through the furlough scheme and business rates relief, which helped cushion the impact of the pandemic on its bottom line.
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